Munoz, Arthur

Arthur Munoz

Hometown: Schertz, TX
Graduate School: J.D. candidate, Harvard School of Law
Majors, Degrees: Finance and Economics, BBA, BA
Minor: Mathematics
Graduation: Spring 2015
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Favorite Warren Buffett Quote: "Rule # 1: Never lose money. Rule #2: Never forget Rule #1." 


What did you like best about your time in BIC?


My favorite thing about BIC was the culture. On Friday afternoons, we were not young undergraduates at a small university – we were investors. We made decisions with financial consequences based on research we conducted. From Dave to every intern in BIC – we had a sense that what we did was worth doing and was being done well. Which leads me to my next favorite thing about BIC, I loved competing at the Texas Investment Portfolio Symposium. It was a chance to prove what we already believed. Plus I was able to compete with a great group of people.


What did you like least about your time in BIC?

The meetings could be repetitive at times; however, I understand I was in BIC longer than almost anyone else – so that could be a byproduct of that. I really liked when we could learn about news and change happening in the world.


Why should current students participate in BIC?


It makes you more informed. It makes you a smarter investor for tomorrow and challenges you while doing so.


What aspects of BIC prepared you for the ‘real world’?

The presentations of investment ideas and the practicing for TIPS. A lot was expected from us in both those cases – every one of us got pushed a little more than he/she would have wanted but I understand expectations only go up from here.


How did BIC help you obtain a job?


I will happily provide an answer to this in the future. I will be attending Harvard Law School as part of the class of ’18.


Change anything?


I think periodically, maybe once a semester – we should make an investment presentation about the portfolio. Force the two teams to directly compete as they rank valuations of our portfolio. Teams would place what they thought was the best investment as one and rank downward to the worst investment at that time. This would force the teams to answer questions about sizing and opportunity cost as well be fully prepared to justify their decisions to the board which means they would have to have a good deal of familiarity with even older investments.