Prior to the Challenge:The theme for the Challenge is announced ahead of time.Teams must interpret the theme and determine the best way to invest for that theme over an eighteen-month investment horizon. Teams should consider liquidity concerns when choosing their stock. Teams should choose a stock with market capitalization over $500 million. A template will be provided. Teams may use any resources available to them for research, including Bloomberg, Capital IQ, FactSet, equity research reports, and primary research.Teams will be randomly divided into three brackets and the presentation order will be randomly determined for each bracket.Please note that by participating in the competition, teams agree to abide by this set of rules and the University of Virginia Honor Code.Any prior work done by an individual team member, school, school affiliated club, or firm is expressly prohibited from use in the competition. We are looking for original ideas formulated in the competition period. Teams are subject to disqualification in the future if rule is not followed.We strongly encourage diverse teams. Day of the Challenge:Each team will pitch one stock, based on the Challenge theme. Each team will have ten minutes to pitch its stock recommendation and ten minutes to field questions from the judges. Time limits will be strictly enforced.Detailed scoring guidelines will be provided to the judges, and each team will be evaluated on five criteria: quality of analysis, strength of thesis, strength of presentation, ability to field questions, and involvement of all members of the team in the presentation.Following the presentations, the judges will complete their scoring, and the winner of each bracket will be announced.For the final round presentations each team will have ten minutes to pitch its recommendation and twelve minutes to field questions by the judges. The order of final presentations will be determined randomly.Closing Comments and Winner Recognition are completed in conjunction with the University of Virginia Investing Conference opening cocktail reception. Accommodations will be provided to students on Wednesday and Thursday night, as needed.