Competition Deliverables

The KWHS Investment Competition has two deliverables.

Mid-project Team Review

Due: Monday, November 5, 2018
The mid-project team review will show the judges that each team is developing a strategy and is following it. Our KWHS competition team will take a look at the reviews and provide general feedback about the teams’ strategy development and progress thus far in the competition. You will not get individual feedback on the mid-project team review unless you reach out to KWHS with specific questions. We are always here to offer guidance. If your team does not submit a mid-project team review, then you will no longer be considered active in the competition.

Your review should consist of the following three sections:

  • Investment strategy – This should cover how your team believes it will receive the highest rate of return
  • Team decision-making process – This should cover how the team determines which individual stocks to buy
  • Top stock holdings – This will allow the judges to ensure the team is on the correct track


  • Title page: Your team name, OTIS ID, school name, finalized team member names
  • Content: 1-2 pages, double spaced, 12 point font; Times New Roman
  • Name your document as: Region-[OTIS ID]-[Team Name]
    • Example: Region 3-12345-KWHS Ballers
  • Submit in doc or pdf format, not exceeding 5MB

Final Competition Report

Due: Monday, December 17, 2018


  • OTIS ID, this is very important as it is what we use to track each team’s participation throughout the competition.
  • Title Page, including team name, OTIS ID, school name and finalized team member names (these should be the same as what was submitted in the Mid-project Team Review)
  • The policy must be a minimum of seven (7) pages, and a maximum of 13 pages not including the cover page. Reports that go over or under this range will be disqualified
  • 12 point font; Times New Roman
  • Double spaced
  • 1 inch margins
  • Reports must be submitted through the submission link. This will be emailed to the Team Leader the week of November 26th. We will not accepted reports submitted via email.
  • Submit in doc or pdf format, not exceeding 5MB

The following are suggested sections to include in your final competition reports in order to convey a clear picture of your team’s overall experience. Please note, however, that there is no right or wrong approach to your final paper. For instance, you do not have to include information on Porter’s 5 Forces, but if it was critical to your analysis, we want you to let us know how why and how. You will not be penalized for not following this suggested format.

We encourage creativity and critical thinking. How can you communicate a compelling story about your teamwork, strategy development, analysis and portfolio development and any other critical experiences you have had during the 10 weeks of the competition? What will make your final strategy stand out from all the others? Throughout your competition journey, you should be thinking about what you are learning and unique and interesting ways to build and then articulate your knowledge about the investment world. We encourage a narrative format, rather than a list of bullet points accented by charts and graphs.

Several tips to keep in mind:

  • Strategies should be taking the profile of your potential client into account.
  • “Buy low and sell high” is NOT an investment strategy.
  • Though the trading part for this competition only lasts 10 weeks, your strategy and analysis should reflect long-term thinking and some short-term. Always keep the original case study in mind.
  • Overly technical strategies will not necessarily impress us. We want both qualitative and quantitative analysis.
  • Remember your reader: Don’t lose strategy evaluators in a sea of technical jargon and rigid analysis, but rather weave in story-telling and colorful insight about how your strategy came together. You want your report to stand out from the hundreds we are reading.
  • Too many charts, graphs, photos and images will not dazzle your readers, but instead confuse and overwhelm them. Make sure your report is readable.
  • We strongly discourage repeating our investment recommendation questions outlined below in your final papers and then answering them directly; narrative format is always preferred—and these questions are meant to stimulate thinking and discussion, not necessarily form the framework of your final reports. Tell us your story, with many of these points as the substance, in the most compelling way you can.
  • Evaluators don’t want to read pages of defined terms — show, don’t tell.


Cover Page

Section 1: Investment Recommendations
This section should inform your final recommendation for Sachin Rekhi’s portfolio.

  • What is your teams investment strategy and why?
    • Consider stating your unique team strategy clearly, creatively and succinctly before providing more detail.
    • Did you invest all the money in stocks or did you leave some in cash?
    • How does this fit with Sachin Rekhi’s position in the life cycle?
    • What are your risk considerations?
    • What unique strategy have you developed to invest Sachin’s money?
  • What sectors does your team recommend KWAM invest in and why?
    • How much should be invested in each sector and why?
  • What industries does your team recommend KWAM invest in and why?
    • How much should be invested in each industry and why?
    • Teams should provide supporting evidence for their strategy by using tools like:
      • Porter’s Five Forces Model
      • Relative value ratios
  • What stocks does your team recommend KWAM invest in and why?
    • How much should be invested in each stock and why?
    • Teams should provide supporting evidence for their strategy by using:
      • Analysis of financial statements
      • Financial ratios
      • Relative value ratios
      • SWOT analysis
  • We hope to see a snapshot of your OTIS portfolio and trading results.

Section 2: Investment Decision Process

  • How did your team make investment decisions at the beginning of the competition?
  • How did your team make investment decisions at the end of the competition?
  • Did your team use different tools (i.e. SWOT, financial ratios) in the analysis process?
  • Did members of your team use different tools?
    • What tools did your team find the most effective in its analysis?
    • Why were some tools less effective?
  • What would your team have done differently in the investment decision process?
  • What did you learn about the investment decision-making process?

Section 3: Team Dynamics

  • What were some of the challenges presented by working in a team?
  • How did the team make decisions (e.g., vote, discussions, etc.)?
    • How were tasks divided between team members?
  • What particular skills made each member valuable?
  • Did you have any disagreements? How did you work through them?

Section 4: Industry Ethics

Ethics is an essential aspect of money management. All teams should review the CFA Institute’s Asset Manager Code and operate by these standards. We expect you to read these rules and apply them to all you do on behalf of your potential client throughout the competition. You do not need to include a separate ethics section in your final paper; however, if you have a compelling story to tell that is related to ethics or you want to incorporate these standards in some way into your team’s strategy and approach, we encourage you to do so.

Section 5: Takeaways

  • What did your team learn from this competition?
  • What would your team have done differently in hindsight?
  • Why was the competition easier or more difficult than your team imagined?
  • Did your team enjoy this competition? Why or why not?


Knowledge@Wharton High School Investment Competitions