Stephenson, Ernest


Hometown: Hitchcock, TX
Employer: Vantage Bank Texas
Title: Credit Analyst
Graduate School, Degree:

Texas A&M University School of Business     

MS in Economics

Majors, Degrees: Economics & Mathematics, BA, BS
Graduation: Spring 2015

Favorite Warren Buffett Quote:

"I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will."


What did you like best about your time in Bulldog Investment Company? 

This answer could go on forever but I’ll try to keep it short. I loved so many things about Bulldog Investment Company, especially the friendships (with my classmates and all of Sather Financial), being able to compete at TIPS, getting to go to Berkshire Hathaway’s shareholder meeting, and hearing many other great investors speak. But ultimately, the greatest thing about BIC was all of the valuable knowledge I received. I learned so much about investing, reading financial statements, and many other useful skills.


What did you like least about your time in Bulldog Investment Company?

The meetings felt repetitive at times, but I know that was because we would have new interns and Dave did a good job of trying to catch them up to speed.


Also, I wish that we had more time to research companies. Every student has a full course load, extracurricular activities, and then BIC on top of that, so students just get too busy. But (with the exception of the BIC challenge) it just felt like most people didn’t have enough time to do everything that’s necessary for a great presentation and that could be disappointing at times.


Why should current students participate in Bulldog Investment Company? 

I’ve always been confused by why all finance majors at TLU aren’t in BIC. It’s a great way to supplement your education with real world learning and hands-on investing experience. BIC was by far one of the greatest experiences of my college career. It’s very much worth giving up your early Friday afternoons. 


What aspects of Bulldog Investment Company prepared you for the “real world?” 

The financial knowledge, professionalism, and presentation skills that you get from BIC are things that will benefit you in any job for the rest of your life.


Being able to interpret financial statements and analyze a company will always serve you well in the “real world”. Also, Dave taught us how to be professionals by doing things such as adhering to the “24 hour e-mail rule”. I was an average public speaker at best whenever I joined BIC. But after countless presentations where I was grilled by Dave and other board members, I became very strong and confident as a presenter.


How did Bulldog Investment Company help you obtain a job? 

BIC has not helped me obtain a job yet, but I know that the “Bulldog Investment Company” line on my resume, as well as the knowledge and skills I gained in BIC will definitely help me in getting a job at some point.


If you had all the power in the world to change anything about Bulldog Investment Company—what would it be?

Most of my fellow interns know that I was never a fan of the “Good Company vs. Bad Company” segment of the BIC meetings. I felt that in its current form it didn’t provide much value for anyone that’s ever done it more than once. But I think it is a good starting point for something that could be an extremely valuable tool. If the financials were accompanied with valuation ratios and it was “Good investment vs. Too expensive investment”, “Good investment vs. Below average investment”, or “Good investment vs. Value trap”, then I think it would be the most worthwhile segment in BIC meetings, although it would be more time consuming.