27th May 2022

The game Prof. Roger Ibbotson invented to teach the basics of market trading has gone global.

On February 17, the Global Network for Advanced Management announced the winners of its first annual Yale Stock Trading Game Competition. Three hundred and six students at twelve Global Network schools across eight time zones competed over several weeks to see who was best at constructing the most valuable portfolio.

eunghee Cho of ESMT Berlin traded her way to the top. “An unforgettable experience for me,” Cho said. “My heart was bouncing all the time during the game.” A native of South Korea, the first-year MBA candidate is president of ESMT's investment club and has traded on stock markets for over a decade. A former manager at Hanwha Systems, part of the Hanwha Group conglomerate, Cho scored a 43.29% return on investment (ROI) in the final, well out-distancing the market return of 0.5%. She aspires to become a CFO.
Andrea Bortolini of Milan’s SDA Bocconi School of Management (Italy) took second place with a 41.7% return. The first-year finance student had never before played a stock trading game. Bortolini is 22 years old and plans to work in investment banking.

Tony Gao from the Renmin Business School in Beijing scored third highest. Gao said, “My strategy was to guess a company’s original value with private information and focus on the EPS change, considering long- term and short-term goals.” Gao has an engineering background and is a first-year IMBA student.