"Can you really explain to a fish what it's like to walk on land? One day on land is worth a thousand years talking about it."
Bulldog Investment Company was established in 2009 at Texas Lutheran University in Seguin, Texas.
This on-campus internship program was designed to teach students how to read and interpret financial statements.
Students must be able to take the analyzed information and present their research in a comprehensive manner.
In doing so, students have an opportunity to master not only critical thinking skills but also presentation and public speaking skills.
Although a few students may have a career in portfolio management, most will not.
Every student will however work for a organization that produces financial statements, whether for-profit or non-profit. The financial statements are the key to evaluating the health and stability of any company.
If students learn to read and interpret financial statements, and are able to differentiate between a great company and all others, that student can effectively add value to any organization.
In establishing high-performance criteria, the standards used by Warren Buffett for evaluating investments are the same standards used in Bulldog Investment Company.
Not only does Buffett’s investment track record speak for itself, but he also sets high standards for ethical behavior. In fact, Buffett would argue that integrity and business success must go hand-in-hand.
Students are split into teams who research investment ideas meeting Buffett’s criteria. These teams present their best investment ideas to the Board of Directors once a month. The idea that best meets Buffett’s criteria and is shown to be the best value is the winning presentation. The winning presentation is funded for inclusion in the BIC portfolio. As such, it is a student-managed portfolio. Furthermore, since the program is funded with actual cash, there is a verifiable track record.
"What I liked best is that Bulldog made the complicated subject of picking stocks seem pretty easy. I still don't know why the average investor tries to make everything so complicated--but I know I certainly won't be doing that. Bulldog also gave me great respect for Warren Buffett and showed me that he isn't just another really rich guy".
– Cody Foil
"You have the opportunity to learn so much more than you would ever learn in regular classes. Everything you learn in BIC can be applied to the real world. It will set you apart from other students, and the knowledge and practical experience you gain will give you an edge in the job hunt and once you start working."
– Audra Bahr
"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."
– Arthur Munoz
"Whether one intends to work on Wall St. or Main St., in a bank or in a laboratory, this internship teaches you firsthand about the time value of money, opportunity cost and financial responsibility; lessons that are critical if one intends to grow one’s wealth." -Uzonna Mkparu
"I no longer fear interviews or presentations. I am confident in what I am talking about, and am able to back the research I did. I like entering conversations about the business world because I can relate and know what I’m talking about."
– Emily Schmidt
"BIC helped me obtain a job as it was a very important line on my resume. In every interview I was asked what the Bulldog Investment Company was. When I told the interviewer what it was, they were all extremely impressed, and it made a huge difference when they compared me to other students. They realized it took commitment, teamwork, and intelligence which is what every employer looks for."
– Chase Dawkins
Rice University - Houston
Rice University - Houston