In this article, Roberto RESTELLI (ESSEC Business School, Master in Finance (MiF), 2025–2026) shares key takeaways from a four‑month off‑cycle internship as an Investment Analyst Intern at Valori Asset Management, focusing on subordinated debt within the Fixed Income team. Introduction Before starting my Master in Finance at ESSEC Business School, I completed a four‑month off‑cycle … Read more
In this article, Hadrien Puche (ESSEC, Grande École, Master in Management, 2023–2027) comments on Jesse Livermore’s timeless quote and explores its relevance for modern investors and students seeking to understand market psychology. About Jesse Livermore Jesse Livermore (1877–1940) was one of Wall Street’s first great speculators, a man who understood the rhythm of markets long … Read more
Over the past decade, investing has become more accessible than ever. Anyone with a smartphone can now buy or sell shares, cryptocurrencies, or ETFs within seconds. While this democratization of finance has clear benefits, it has also led many to lose money by chasing “the next big stock.” Retail investors often believe they can find … Read more
In this article, Nithisha CHALLA (ESSEC Business School, Grande Ecole Program – Master in Management (MiM), 2021-2024) delves into the top five companies in the defense sector by market capitalization and provides information into their origins, latest announcements, and notable developments to provide financial professionals and students with actionable insights. Introduction: The Global Defense Landscape … Read more
In this article, Nithisha CHALLA (ESSEC Business School, Grande Ecole Program – Master in Management (MiM), 2021-2024) delves into the top five companies in the luxury sector by market capitalization and provides information into their origins, latest announcements, and notable developments to provide financial professionals and students with actionable insights. Introduction: The State of the … Read more
In this article, Hadrien PUCHE (ESSEC Business School, Grande École Program, Master in Management, 2023-2027) comments on Warren Buffett’s famous quote about the fundamental difference between price and value, and discusses how this distinction remains crucial for modern investors navigating today’s volatile markets. About Warren Buffett Warren Buffett is the chairman and CEO of Berkshire … Read more
In this article, Anis MAAZ (ESSEC Business School, Global Bachelor in Business Administration (GBBA), 2023-2027) explains how prop firms work, from understanding their business model and evaluation processes, to fee structures and risk management rules. The goal is not to promise guaranteed profits, but to provide a transparent, realistic overview of how proprietary trading firms … Read more
In this article, Dawn DENG (ESSEC Business School, Global Bachelor in Business Administration (GBBA), Smith-ESSEC Double Degree Program, 2024-2026) offers a practical introduction to building a beginner-friendly stock pitch—from selecting a company you truly understand, to structuring the investment thesis, and translating logic into valuation. The goal is not to produce “perfect numbers,” but to … Read more
In this article, Samuel BRAL (ESSEC Business School, Global BBA – Exchange at NUS, 2025) shares how he conducted a valuation of Best World International using a Discounted Cash Flow model in Excel. This modeling exercise was part of a corporate finance case during his exchange at the National University of Singapore. Context of the … Read more
In this article, Rohit SALUNKE (ESSEC Business School, Grande Ecole Program – Master in Management, 2018-2021) shares his professional experience as Head of Data Modelling, leading advanced analytics, AI, and reporting solutions for a global investment organisation. About the company Tikehau Capital is a global alternative asset management group headquartered in Paris, France. Founded in … Read more
In this article, Rohit SALUNKE (ESSEC Business School, Grande Ecole Program – Master in Management, 2018-2021) shares his professional experience as Business & Data Analyst at Tikehau Capital. About the company Tikehau Capital is a global alternative asset management group headquartered in Paris, France. Founded in 2004, it has become a multi-billion-euro investment house with … Read more
In this article, Snehasish CHINARA (ESSEC Business School, Grande Ecole Program – Master in Management, 2022-2025) explores the academic evolution of capital structure theory, focusing on the delicate balance between debt and equity financing. Starting from the foundational Modigliani and Miller propositions, this post delves into how the introduction of real-world frictions—particularly bankruptcy costs and … Read more
In this article, Snehasish CHINARA (ESSEC Business School, Grande Ecole Program – Master in Management, 2022-2025) explores the optimal capital structure for firms, which refers to the balance between debt and equity financing. This post focuses on how the impact of personal taxes on the firm capital structure. The author unpacks Miller’s 1977 proposition, which … Read more
In this article, Snehasish CHINARA (ESSEC Business School, Grande Ecole Program – Master in Management, 2022-2025) explores the optimal capital structure for firms, which refers to the balance between debt and equity financing. This post dives into the article written by Modigliani and Miller (1963) which explores the case of corporate tax and a frictionless … Read more
In this article, Annie YEUNG (ESSEC Business School, Global Bachelor in Business Administration (GBBA) – Exchange Student, 2025) shares her summer internship experience at Partner Plus Investments Limited as the Junior Analyst. About the company Partner Plus Investments Limited is an asset management company particularly focusing on fund of funds company. Partner plus investments limited … Read more
In this article, Annie YEUNG (ESSEC Business School, Global Bachelor in Business Administration (GBBA) – Exchange Student, 2025) shares her experience as an Audit Summer Intern in KPMG, as well as the details of what working in audit may be like, and the necessary skills and goals if one wishes to develop a career in … Read more
In this article, Mahe FERRET (ESSEC Business School, Global Bachelor in Business Administration (GBBA), 2022-2026) explains the appeal and challenges of behavioral finance when investing. Introduction Behavioral finance is a psychological and economic finance field that allows us to understand how investors – individuals and institutions – make financial decisions. Unlike traditional finance, which assumes … Read more
In this article, Alexandre GANNE (ESSEC Business School, Global Bachelor in Business Administration (GBBA), 2025) shares his professional experience as Depositary Control Auditor at CACEIS Bank. About the company CACEIS Bank is a leading European financial institution specializing in asset servicing. A subsidiary of Crédit Agricole and Santander, CACEIS provides custody, depositary, and fund administration … Read more
In this article, Mathias DUMONT (ESSEC Business School, Global Bachelor in Business Administration (GBBA), 2022-2026) explains how weather risk impacts the pricing of agricultural derivatives like futures and options, and how climate-based data can be integrated into stochastic pricing models. Combining academic insights and practical examples, including a mini-case from the SimTrade Blé de France … Read more
