("Junior Finance Conference on Valuations")
Dates: July 24-26, 2025
Sponsor: UW Foster School of Business
Location: Foster School, Paccar Hall Room 556 (Mark Pigott Boardroom)
Organizers: Thummim Cho, Ricardo Delao, Andrei Gonçalves, Lukas Kremens, Sean Myers
Program
Presentations are (mostly) 75 minutes long and follow a seminar format.
Session 1 (July 24, Thu): Equity Valuation
12pm Greetings and Catered Lunch
1-2:15pm Equity Duration and Interest Rates (Eben Lazarus, Berkeley)
2:30-3:45pm Equity Valuation Without DCF (Rob Rogers, LSE)
3:45pm Refreshments
4:15-5:30pm The Wealth of Stagnation: Falling growth, Rising Valuations (James Paron, Stanford)
Drinks and Informal Dinner
Day 2 (July 25, Fri): Beliefs and Forecasts
8am Catered Breakfast
8:30–9:45am The Subjective Belief Factor (Ricardo Delao, USC)
10–11:15am The Stock Market’s Two Truths: Subjective Beliefs and Objective Reality (Aizhan Anarkulova, Emory)
11:15am Catered Lunch
12–1:15pm Mental Models in Financial Forecasts (Francesca Bastianello, Chicago Booth)
1:30–2:30pm Horizon Inconsistency in Exchange Rate Expectations (Lukas Kremens, UW)
Campus Walk and Conference Dinner
Day 3 (July 26, Sat): Institutions and Macro
8am Catered Breakfast
8:30–9:45am Subjective Beliefs and the Portfolio Allocation of Institutional Investors (Andrei Goncalves, OSU)
10–11:15am Interdealer Price Dispersion and Intermediary Capital (Bernard Herskovic, UCLA)
11:15am Refreshments
11:45–1pm Macro Trends and Factor Timing (Sean Myers, Wharton)
Informal Lunch (for those available)