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This educational meeting focuses on two key topics: the Time Value of Money and the Board Recruitment Process. Participants will learn the fundamental concepts of present value (PV) and future value (FV), including the importance of discount rates in investment decisions. The meeting will also outline the steps for applicants aspiring to join the board, detailing application requirements and important dates. Join us to enhance your financial literacy and understand the recruitment process for board positions within CSIA.
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Educational Meeting 3/12/09
Meeting Outline • Time Value of Money • DCF Primer • Board Recruitment Process • Important Dates
Time Value of Money • What would you rather have? • A) $100 today • B) $100 one year from now • What about if I change it to $110 one year from now? • Rational individuals would prefer to receive a payment today
Time Value of Money (Cont.) • PV = FV / (1+r) = FV - r*PV • PV: Present Value • FV: Future Value • r : discount rate (interest rate) • This allows us as investors to “discount” future payments to ascertain how valuable they are today, and as such forms the basis of investing
Time Value of Money (Cont.) • Annuity = Equally sized payments (mortgage) • A : annuity payment • i : interest rate • Perpetuity = Annuity that last forever
DCF Primer • Lokesh Todi will not walk you through a DCF primer in excel • Focus on the big picture so that you will be prepared for Prof. Downs in depth review of DCF valuations on April 2nd
Board Recruitment Process • Formed a Senior CSIA Committee • John Roberts • Lokesh Todi • Kevin Xu • Josh Jamner • Prabh Singh • Chow Zhou
Board Recruitment Process (Cont.) • All applicants must submit a cover letter and resume by the April 2nd meeting • Bring 1 hardcopy and email to csia@colby.edu • Cover letter • When did you join the CSIA? • What have you done since you joined? • What position do you want on the board? • Why would you be able to excel in this position? • Resume • Allows the selection committee to get to know you better
Board Recruitment Process (Cont.) • Committee will meet with all candidates and then select a CEO for next year • Committee will advise new CEO on who they should appoint to their board • All appointments will be confirmed by a majority town hall vote • Once elected, all new board members will be encouraged to attend the remaining board meetings
Important Dates • April 2nd • Prof. Downs DCF presentation • Board Applications due • April 16th • Trading meeting • Board Positions confirmed (tentative)