We did not get to execute the trades by ourselves. It would have been nice for the winning group to be able to execute the trade, under appropriate supervision, at least once a semester.
I would encourage participation in Bulldog because it is an experience that one can almost not gain anywhere else. It is an opportunity to learn value investing principles based on the teachings of some of the world’s foremost value investors. It is an opportunity to learn how to analyze companies and make decisions on how to break into a market, including arbitrages and options trading. Finally, it is an opportunity to invest real dollars in the market and watch the investments grow.
Whether one intends to work on Wall St. or Main St., in a bank or in a laboratory, this internship teaches you first hand about the time value of money, opportunity cost and financial responsibility; lessons that are critical if one intends to grow one’s wealth.
In ways that I could only have dreamed and I am forever grateful.
I think a field trip to the office in Victoria once a semester to execute a trade and learn in the Sather Financial Group, Inc. environment.
One of the things I like most about Bulldog is that it brings together a group of people with similar interests who want to learn. We are all there because we want to learn more about the stock market, investing and valuing businesses. Before I became involved with Bulldog, it was hard to find a non self-interested resource to provide quality knowledge on these topics. The people are what make Bulldog interesting and successful. Even if I hadn’t developed an understanding of how to value a business, my time would have still been well spent with Bulldog just because of all the enthusiastic, fun, great people I got to spend time with and the friendships that were created.
The thing I liked least about Bulldog were Dave Sather’s email blasts. I wasn’t used to getting so many emails on various value investing topics. Now I realize that email is actually important in the world of work, it’s not just to find out what the latest Groupon deal is. Seriously though, because of Bulldog Investment Company, and Dave, I have learned how important it is to return emails in a timely manner. I have heard, on several occasions, people complement Dave on how quickly he replies to emails. Although I am not quite up to Dave’s speed, and it is something I can work on, through Bulldog I learned how appreciative people are when you reply to their emails in a timely manner. Bulldog taught me many simple things such as that, which can really help a college graduate stand out in the business world.
Bulldog will greatly add to your educational experience at TLU and provide you with knowledge that will be useful to you even after you graduate. Bulldog gives you the basic tools you need to look at a business and determine if that business is “good” or “bad” and you can apply this standard no matter what field or industry you enter into when you leave TLU. Being able to delve into financial statements and know what you are looking for is an extremely useful skill. The principles I learned in Bulldog can be applied equally by a bank lender trying to figure out if he should approve a loan for a business, an accountant who needs to piece together financial statements, a small business owner trying to run a better business, or in one’s personal life, when trying to invest for retirement or abstaining from the use of debt. Bulldog is not a simulation. It is a real world exercise, using real money with real consequences and real achievements. I would tell a current student that they have a chance to be a part of something special and take advantage of an opportunity that is not usually presented to undergraduate students. It’s a great way to meet amazing people, a great line to have on your resume, and I guarantee, in some way, it will continue to benefit you even after you have graduated from college.
There is a high standard that has been set for Bulldog interns. Interns are expected to be on time and in attendance. They are expected to be prepared every week and especially when it comes to presenting their potential investment ideas. Although weekly meetings are held in a TLU classroom, it is an internship and students are expected to behave as if Bulldog is their job. This gave me a job-like experience before a paycheck was on the line. I think Bulldog provides a great segue from the classroom environment, into the “real world.” In a classroom, you can get away with missing class or not doing your work if you want to. No one is depending on you, you are only responsible for yourself and your grade. In Bulldog, you are part of a team that relies on all of its members to do their job. You are required to be there and do your part or you will be “fired” from the internship. There are high standards in Bulldog, but no more so than what every employer requires from their employees. These standards helped prepare me for life in the “real world.”
I was fortunate enough to get a job with Sather Financial Group, which sponsors the Bulldog Investment Company program. So Bulldog directly transitioned into a job for me. Although my entrance into the world of professional investment management is probably the exception, rather than the rule among Bulldog interns, my participation gave me a competitive advantage among other college graduates that I sincerely believe would have helped me in obtaining a job in a variety of fields, had I chosen to do so.
I just wish more people could know what they are missing out on, and how much Bulldog could add to their learning experience at TLU.
The best thing of being part of Bulldog was, and always will be, the professional enhancement that this organization gives and the preparation towards building a successful career path. I was lucky enough to be part of this organization that shaped me throughout expert criticisms and made a better “me”. Bulldog is a company that is based on educational and professional enrichment in investing and business strategies combined together with managerial experience. The most important element in pursuing a successful academic career is to have a good business professional mentor who can closely guide you academically, and as a person as well. My experience with Bulldog broadened my thinking and undid my insular judgments that might be still ubiquitous in me.
Maybe Friday afternoon meetings after a hell week of exams.
Today’s economy is becoming more global, and the competition for a good job position continues to rise day by day. As the competition rises, it’s not enough just simply to be more competent than the person next to you, you have to be more competent than countless other people around the globe. To have a college degree is a critical step, but you can greatly improve your classroom learning by gaining real world experience through internships. In order to gain a good experience, and to expand your classroom learning, Bulldog Investment Company internships is the best tool to enhance your resume, get experience, and make important industry contacts that can be essential to get the ideal job after graduation. Bulldog Investment Company experience is a valued tool that will be handy when you will need it the most.
During 2011, I was fortunate enough to have the opportunity to be part of Bulldog Investment Company. The most valuable assets of Bulldog Investment Company are its own people, the team members that exhibit the organizational values, and promote a positive team environment. While there, I gain a lot of experience in Value Investing field. My position there allowed me to explore different fields of Financial Analysis cycle especially analyzing companies per Buffett’s criteria. Starting from little exposure on preparing Financial Statements and researching for different project to presenting and competing as finial part of the project. In these projects I have worked and learned each and every day new things that I never learned before. The usage of different tools, translating financial outcomes and specifications into final decision, team collaboration and meeting the deadlines has been challenging and yet rewarding. It was really important for me to be able to take place in these projects, prepare them and lastly be able to present them in front of others. This experience makes huge difference on my future. Furthermore, the opportunities to meet different famous business leaders such as Mr. Jackman, the opportunity to attend Berkshire Hathaway shareholder annual meeting as well as meet countless other important people that may serve you as key professional connections in your near future. I am very glad that I have had the chance to be part of this internship program and I hope to continue contribute and be part of this wonderful company in the future.
If I had power of the world I will help Bulldog Investment Company and make it the biggest student professional organization. Well, if I had just a little more power I will include this program to TLU Business Administration academic curriculum. I think this will greatly help students to enhance their business skills and be able to be the best on other’s eyes.
Dave Sather, the President of Sather Financial Co. is also the sponsor for the internship program at Bulldog Investment Company. He is a great leader and a detailed guider that made this internship really beneficial. Throughout his hard work he placed young bright minds into important projects and gave the future work force a chance to experience the challenge of being responsible adults. This brilliant initiative made huge difference at TLU as university as well at young college students as potential business leaders.
I would say the people were the best part. Everyone there was there to learn, and act in a more "grown-up" way. The readings and discussions that followed were always interesting and full of valuable information, not just on the topic, but how to analyze an article and figure out what is really being said. Having Dave to bounce questions and ideas off of was a plus as well, not just on investments. Dave’s interest in the student's lives is awesome, as it helps bring the group together as a whole.
I learned so much during the fun time I spent helping start and run Bulldog for the first 2 years, but the highlights would include: how to be a conservative value investor by studying facts and not fluff, how to be a better presenter and how to handle questions from an audience, as well as making friends and connections I can rely on throughout my life.
The Friday meetings were the part I liked least, or disliked most... whichever. I know people have difficult schedules, but this was the hard part for me with trying to manage things at home.
I would say jump in it. Dave is a wonderful teacher (instructor, supervisor, whatever...), and always brings up interesting details and turns them into discussions. The real-life feeling is very good. It helps when you have real money, and can see real gains and losses on a portfolio. It isn't just some simulation like the Policy capstone class... it is a real-world setting with real-world results and consequences. Dave is good about letting you get your ideas out, then pointing out potential issues with your stock idea based on numbers and current events.
The presentations helped me the most I would say. The feeling of having to prepare a thorough presentation and knowing the material well is crucial for everyday business. Also the on-the-spot feeling of trying to answer Dave's questions was difficult at the time, but it helped train me how to prepare better, anticipate questions and know how to deal with the immediate stress of being on the spot in front of a group of people.
The standard meeting time was also good in a sense of it helped get me in the habit of being early to things to help get set up and make sure everything was working.
Decisions have consequences. To invest, or not to invest... Knowing how to value a company and options are key in this business, but these decision making concepts apply to many business situations. You have to know how to weigh your options and go with the best one in many situations.
The only real thing I would change from my time in Bulldog would be the meeting dates--move them off Friday. Otherwise, it was a fantastic learning experience.
Honestly I liked most of the things in Bulldog–there is little I would change. I learned a lot and I wish everyone would see it that way, instead of just having a credit in their records.
I think you need to find motivated students. A lot of students are not motivated enough to do this level of work.
A lot of the students have the impression that you are “mean” to us. You must have high standards in Bulldog. The desire to perform is sincere and helped prepare us for the real world. I know it is tough love, but not everyone sees it that way. Those students should not participate.
Bulldog helped me open my eyes to the fact that we live in a competitive world and often I had to pursue my goals and yet get along with my teammates. This required me to balance my standards while learning to compromise and work together.
NO COMPUTERS in the classroom. They are distracting from the learning process.
I feel like I learned more in the year I was in Bulldog than I could have learned in two or more years in the class room. When you look at smart investing and begin to understand how to research and look for companies that are consistently performing well, you start to notice patterns that can assist you in making smart investment choices. The presentations were grueling and really motivated and drove you to doing better on the next one, making sure that you did enough research in picking the companies that you were sure would be a great addition to Bulldog’s portfolio. “Trial by fire” is a method that can be taxing, but the benefits and rewards can be reaped in such a small period of time, and there’s no substitute for experience. When you get the opportunity to get your hands dirty, you can learn so much more.
The work in Bulldog is fulfilling, but don’t be fooled into thinking it will be a cakewalk. The research can and will take a lot of time, and the presentations demand time and practice in order to be executed well. If you already have a full plate, it can be demanding.
If you’re really interested in business – whether it be economics, finance, marketing, accounting, etc. – I would highly recommend giving Bulldog a try. This internship gives you an opportunity to examine the events that are taking place in the real world and how they are affecting multiple facets of businesses and the overall economy. When you get to see exactly what it is that is causing the success and/or failure of a company, you begin to understand more about how changes in the variables of that company have an impact on their short-term and long-term success, their ability to attract certain markets and develop a brand image(s), and their sustainability. Bulldog offers the opportunity not just to teach you about ratios and variables, but how to examine events and occurrences in the real world and recognize patterns that will lead to better and more successful business decisions.
You have to work hard and be willing to put in the time and effort to obtain your goals. You have to be smart and attentive in your work, and you can’t be afraid of making mistakes. Nothing will teach you faster than getting your hands dirty. Your bosses can and will grill you when there’s a mistake – and the presentations taught me this very well – but you’ve got to be willing to make some mistakes before you can really understand how the process works.
When I explained to my job interviewers exactly what Bulldog is and what it is that we do – they were blown away that we were so heavily involved in such detailed investment processes and research, and that we had real skin in the game in the form of real money in our portfolio. It definitely gave me a leg up on my competition.
The only change I would make, and it is more of an alteration, is the availability for meetings and presentations. I wish that Bulldog was available more like a class (multiple times a week for 1-1.5 hours) than once at the end of the week for two hours. I think this would increase the effectiveness of the hands-on-learning, and raise overall attentiveness during meetings. That being said, Dave Sather is unable to be two places at one time, so it’s more of an alteration.
Learning about value investing
The Q&A after a presentation
Very good lessons on life are to be learned in Bulldog Investment Company
Researching companies, giving presentations of the company that had been researched
Confidence gained in BIC
It’s “real world experience.” You’re making the final decisions of how to invest the funds as student members.
Of course as busy as college life is, just dedicating the extra time to go to the meetings and do the research is really the only downside.
It’s like taking a FREE class at TLU. You learn just as much (and in some cases more) in Bulldog than you do in paid classes at TLU. A lot of the topics we covered in Bulldog aren’t covered in any other classes.
The stuff you learn in Bulldog can directly be used once you get out of college, get a job, and start saving for the future. Bulldog is a great start to learning how to put your savings to the best use possible.
Bulldog gives you a small platform to enter the workforce on. You’re coming out of college with relevant experience under your belt that can be applied to more than just the equity investing aspect of businesses.
Hmmm…more free pizza? I really have no complaints. It was fun, extremely educational, and definitely worth the extra time.
I was always up-to-date on current events, and events with major companies and political movements.
We made a lot of connections with professional people (CEO’s, CFO’s, money managers) that most students would not normally have the chance to meet. We spent a lot of time discussing the differences between the “academic world” and the “real world” which prepared us for what to expect after graduation. We also learned how to work smarter instead of harder and use our resources to help budget time.
The only frustrating thing was if a team decided to present a company to invest in a second or third time and we reviewed the same information again as if we hadn’t already established that they are a good investment. I’m not sure how that would be avoided as it would encourage students to pick companies that are already in the portfolio if they didn’t have to go through that part of the research.
It’s a great way to see how money is managed in the real world instead of in an academic environment while making connections with business leaders. It’s a great way to increase presentation and research skills and beef up a resume.
It helped with interviewing as well as meeting and talking with business leaders in presentations throughout the program.
I think that the teams should be smaller (four members) and the presentations should be shorter. Maybe make the most senior member become a Vice President of the company and have a board made up of lower class-men that were not picked for a team. Also I think it would be good if once a year everyone took a road trip up to the Sather Financial Group office in Victoria and did a presentation to the staff on the best company pick of the semester. Something like that would add to the real world aspect.
Mostly I liked doing research for the companies we wanted to present and learn during that process while working with others. If customers can’t find it, it doesn’t exist. Clearly list and describe the services you offer. Also, be sure to showcase a premium service.
I think it’s beneficial for any student to participate in such an internship as Bulldog Investment Company. You learn a lot about different matters; you definitely become aware and learn a lot about what is going on in the world economically and financially, and above all you get a good eye on identifying good companies from bad ones, which is a useful skill no matter what major you are in. Putting your energy in this internship is worthwhile and pays off in your future endeavors. You will be more prepared and more knowledgeable when going into the real world.
In Bulldog Investment Company you learn a lot about the real world. Not only does the content discussed during the meetings teach you so much about what is going on around you, but you also greatly develop your presentation and team working skills. Since Bulldog involves working in teams, you learn to work better with others and become a team player, which is a skill that all organizations are looking for in their potential employees.
During Bulldog, I became more comfortable presenting myself and communicating more freely during presentations. In addition, I learned a lot more about the business world. There is no doubt that having this internship experience on my resume, as a Computer Science major, impressed the interviewers during my job interviews and gave me a better chance to obtain my job. I’m sure not many other applicants had such a great internship experience.
That’s a tough question. I think a top priority is to invest in more effective marketing of Bulldog at TLU to recruit more students. Perhaps getting in touch with other investment internships at other schools and planning more of some sort of competitions and joint events.
I liked how much confidence I gained in knowing what I was talking about regarding financial ratios/analysis and in presenting to a board of directors. I really felt much more informed and empowered after about a month of being in Bulldog Investment Co.
I was always nervous about presentations. That's what I liked least. But that is what gave me the most knowledge. Also Friday afternoons we not my favorite–but it is totally worth being there every single meeting. I miss it already.
Current students should participate because you will learn much more here than in any one class. It is real money gained, and real money lost, and there is no better motivation. Not only does it look good on a resume, it gives you a leg up over your competition when looking for a job.
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.
Bulldog has helped me find a job in the financial world because I have experience in analysis and presentation. Not everyone has that.
If there was anything I could change about Bulldog Investment Co, it would be to go to other places and show off what we are made of, because we truly can run stride for stride with the big name schools.
I have really enjoyed being a part of this company more than any other organization I have been a part of.
Bulldog Investment Company has helped me gain crucial skills that are needed in the business world. Team work, weekly meetings, monthly presentations, and speakers that inspired us to work harder and become aware of the opportunities the business world offers us. Through value investing, I was able to make long term decisions and reflect on such decisions later. As a general rule, we focused more on the quantitative aspects of the investments – researching the business, reflecting Buffett’s principles, and making wise decisions based on such measurements.
The involvement of TLU’s business department and their approach toward such an amazing opportunity for student – I would recommend business professors take an active role on urging their students to be part of Bulldog Investment Co, attend Bulldog Investment Co presentations and their influential business speakers.
Academia teaches us the theory behind the business world. As such, there are some situations where we have observed a weak liaison between academic concepts and long-term investing. In order to be successful investors, students should be familiar with the real-world application of asset valuation, risk and investment concepts. This is the most promising path for successful investing in the long run given the issues they will face in the real world.
Being successful in the business world requires endurance. You are required to do the research, analyze the data and review the sources carefully in order to make a wise decision. Being part of the team that conducts monthly presentations requires leadership, communication, analytical and critical thinking skills that are required to be a successful businessman. Therefore, if you are efficient at the duties that are assigned to you, you are able to undergo the “real world” challenges.
Bulldog Investment Company has helped me connect with important people in the business field. Furthermore, I was able to establish a strong business background that enriched my resume and cover letter. Overall, Dave Sather urged us to work hard and be successful in life. He was always willing to write recommendation letters for us.
I would encourage highly motivated students to get involved in such an amazing opportunity. Furthermore, BIC should be treated as a 3-4 credit hour course and requires lots of research and preparation. As such, students need to be prepared for the discussions and pay attention to such discussions. Therefore, the best ways to achieve a positive learning outcome would be accomplished by turning off electronic devices, computers and other distractors.
I am a relatively competitive person. But in college, rarely did I participate directly in competitive events. My favorite part about Bulldog Investment Co. was finally presenting a company after weeks of research, assembling slides, practicing with the team, and then being declared the “winning” team by the Board of Directors.
In addition, I was pleased to see some of my initiatives positively impacted the group as a whole. For example, I started integrating all presentation materials into the slideshow (such as Conscious Investor screenshots, formatted Excel tables) which helped improve the flow, instead of having to click on multiple files during the presentations. As a result, the other teams began integrating all of their content into the slides, and the overall quality of the presentations improved significantly.
Often times, we would listen to interviews, which is a great way to receive insight from some brilliant minds. But when we turn the lights off and the interviews are 10 plus minutes in length, I don’t care how much caffeine you’ve had... on a Friday afternoon, most college students will start to doze off. I would recommend leaving the lights on, and or making the interviews more interactive, and pause multiple times, quizzing the interns to make sure everyone is paying attention, instead of a cumulative recap at the end.
Bulldog Investment Co. not only hones in on analytical skills and critical thinking, but the program also serves as a bridge of theoretical knowledge gained from classroom exposure to practical knowledge that can be used in the real world.
Well I am now in a job where I am doing many similar research techniques as I was in Bulldog Investment Co., so my “real world” preparation is obvious. Many interns will not work in the financial services industry, but they will still carry over with them the level of critical thinking when scrutinizing the media or financial reports of the companies they work for.
I am now a Financial Analyst for Sather Financial Group, Bulldog Investment Co.’s sponsor. So in my case, I didn’t really need a resume- my performance, discipline, organization, and leadership in Bulldog Investment Co. had about as direct an impact as one could have.
I would add Bulldog Investment Co. to the TLU course curriculum, and meet like a normal class period. That would likely require more staff though, unless Dave likes putting even more miles on his car!
I have often been a student that goes through a course without really having to spend a lot of time outside of class studying to end up successful. However, Bulldog Investment Company was much different, especially for presentations, because I knew that if I wasn’t prepared it would be noticed. This program doesn’t only hold students accountable for their part in presentations, but is also fun and competitive.
One of the most frustrating things about Bulldog Investment Co is finding the motivation, or motivating one’s team, in order to not have to scramble a presentation together at the last minute. Having a program that is as involved as Bulldog Investment Co is great as long as teams stay organized and work ahead. When this doesn’t happen, especially at the end of the semester with finals looming, there is a lot of potential for additional stress.
Because you can be fired if students don’t uphold their end of the commitment. Bulldog Investment Co holds interns accountable for familiarizing oneself with the value-investing methodology and then challenges teams to work together to apply it. Since interns can be excused from the program, though this doesn’t really happen often, students can taste real world expectations. Bulldog Investment Co helped me to learn how to perform when I wasn’t comfortable. This program was a great opportunity for me to begin to develop some presentation skills and experience. Bulldog Investment Co also has given me the confidence to do a little personal investing, which I have had success with. There are also great opportunities to listen to, interact with, and question those within the business world that have already found success and have much wisdom and experience to share.
Besides being fired if you don’t do your work, Bulldog Investment Co allows students to apply their business knowledge, while challenging them to do so in a way that is understandable to all backgrounds. There is a winner and a loser in each presentation, which taught me that sometimes hard work leads to more hard work before the fruits of such labor can be tasted.
I don’t feel that much should be changed about Bulldog Investment Company. Scheduling presentations so that they are evenly spaced throughout the semester would be ideal, but I know that isn’t always possible with so many different schedules, breaks, and holidays.
The best thing about Bulldog Investment Co is it is a fun laid back atmosphere, (as long as you work hard) that applies to the real world. This is the only class I was in where 100% of the material is useful in the real world and it will improve your quality of life.
The only thing that I didn't like or frustrated me in Bulldog Investment Co was one or two semesters we had a presentation around finals time.
Current students from any major that has an interest in the stock market should join Bulldog Investment Co. Bulldog Investment Co. teaches students how to look for great businesses, figure out their intrinsic value, and determine if it is a good long term investment. This knowledge is important for any one, not just financial professionals, because you will be able to look at any company you work for a determine how financially stable your employer is.
This is important in the "real world" because if more than one company gives similar job offers you can differentiate between the more stable company. This allows you increase your job security.
I had a job before joining Bulldog Investment Co, but it is one of the best things you can have on your resume. Future employers will see that you work hard outside of school in something that teaches life skills.
I would fire Dave. Haha. The only thing I would change would be to make the teams smaller--preferably 3 people. However, I don't think its possible because there are too many people interested in Bulldog Investment Co. I really like how the meetings are structured. That is mostly dealing with current events and a portfolio review.
The fact that I can quickly analyze some key financial ratios for a company and gain an understanding if its a good investment or not is pretty useful. I don’t believe any business class I took gave me near comparable knowledge or experience as did Bulldog Investment Company.
Plus, we were treated us as adults and employees. All in all, the experience was as if were were coming to work every Friday between 2 – 4, minus the suits.
The timing of the class was a bit off for college kids. It may be difficult for college kids to gain the desire to want to attend anything on a Friday afternoon. Of course, in the real world, you would still be at work during this time. Once I accepted the sessions being on a Friday, it was much easier.
The skills you learn in Bulldog Investment Company are extremely useful, especially in the current economy. My generation won’t have much of a social security benefit waiting for us; being able gain a better understanding of investments, even an understanding of a 401K and how important it is to jump into this area as early as possible is explained throughout a student’s experience in Bulldog Investment Co. Not many students in this country have such a privilege.
The professionalism during presentations, your treatment of us as employees, and the methods you used to gear our minds (instead of spoon feeding us the whole time).
Bulldog Investment Co. kept me on my toes in terms of professionalism. My presentation skills have grown tremendously and my ability to communicate under pressure has been a big plus.
Probably the day of the week we meet. Possibly this would allow Bulldog to gain a larger crowd and to strengthen it’s presence on campus.
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.
What I didn't always like about Bulldog is that occasionally we did things that seemed to go outside the scope of traditional value investing. Some people had their favorite company that they always wanted, or we were asked to make decisions on short notice. I would have like to have more time to research these ideas.
I think that current students should join Bulldog because it's not just about picking stocks and investing. Even if you don't have an interest in investing, Bulldog teaches communication skills and critical thinking skills that you can't find in a textbook. And messing up here (which will happen) is a lot more forgiving than messing up in the real world.
I think that Bulldog greatly improved my presentation skills, as well as reinforcing the skills of reading and analyzing financial statements that I had learned as part of my accounting degree. More importantly, just developing the ability to talk to other adults on a professional level about complex subjects is invaluable when it comes to the real world.
Well, that's easy--if I had never joined Bulldog and met Dave , then I certainly wouldn't have the job that I have today. He introduced me to my current employer which led to a paid internship and ultimately permanent employment.
If there's one thing that I would change about Bulldog, it's that I would like to have had more financial planning knowledge use to build a complete individual investment portfolio. Sure, we know how to pick stocks, but I would like to know more about IRAs, 401(k)s, and other places to put my money. Even with the knowledge we've learned from Bulldog, putting everything in stocks isn't always the best thing to do.
Bulldog Investment Company allowed me to figure out what I want to do with my life. I was given the opportunity to speak with many different people about their experiences throughout life and learn so much from everyone. There are so many different functions, meetings, trades, people, etc., thrown at the interns that there is never a time that I was not learning something and shaping the way I thought about my future and myself.
Honestly, I loved being in Bulldog Investment Company. The thing I liked least was not being able to take advantage of every opportunity handed to the interns.
Bulldog Investment Company will teach you about portfolio management, financial analysis, and the importance of paying attention to the news and what is going on in your city, state, country and the world. Whether you are a biologist or part of the finance industry, at some time you will probably have money you want to invest. Having an idea of the best way to do that will allow you to be knowledgably whether you use a financial advisor or do it on your own. Bulldog Investment Company also allows you to meet a bunch of interesting people and will learn a set of analytical skills that you cannot get anywhere else.
Being a part of Bulldog Investment Company, we had to give presentations in front of our Board of Directors and answer any questions they had at the end. I feel this forces the interns to make sure that everything we research and say is up-to-date, honest, and correct. We are responsible for researching a company so well that we feel confident that it will not hurt our portfolio. If we slack off, our returns suffer, which is something we take pride in. In addition, because we get the opportunity to meet so many different people, we learn the art of talking to people of all backgrounds as well as talking about ourselves and being comfortable in the process.
Bulldog Investment Company gave me the opportunity to meet a number of people. Dave believes in us so much that he is never afraid to invite money managers to our presentations. Many people do not realize how important networking is, and Bulldog Investment Company not only gave me a great set of skills that I get to flaunt at interviews, but it gave me many people to contact who are more than willing to talk to me about the financial services industry.
After participating in the internship, I would say the one thing I would change is how often we meet. We all have busy schedules, so it is not always easy, but I would have loved to be able to meet more often than once a week. Meeting for the internship on Fridays was something I looked forward to every week. Not only did I get to test the new skills I learned from the previous week, but also there is always something new and exciting to talk about. Meeting just once a week, I learned so much from Dave and the other interns. It is amazing to think that if I had been able to pick everyone’s brains more, how much more about portfolio management, financial analysis, and investing I could know.
Too many things to mention. I went to two Berkshire Hathaway Annual Meetings, met executives from large public and private corporations, drove Marvin Rush’s Rolls Royce, learned more in this program than I would have ever imagined, built a network that I could call anytime of the day, and finally got to spend my Friday afternoons for the last three and a half years of my college career surrounded by a group of smart, hardworking individuals which made me a better person.
There really is nothing I didn’t like about BIC. If I had to pick one thing it would probably be learning more about the “sell” process. In BIC, it was always about the buy and hold strategy, but we rarely went over the sell process, and executed a sell trade. Trying to get group consensus on a sell opportunity could have been part of the problem as well.
The first reason why I believe students should participate in BIC is it’s an instant business networking group.
It is not only students and a professor. You are meeting new business owners at least once a semester, and you are taught once a week by a business owner who has many connections. Additionally, Dave shows he cares about each individual and their future plans.
You would be surprised how many people do not know to respond promptly to email. BIC taught me replying to emails within 24 hours really shows you care about your job.
Considering I am in the audit practice now, I don’t think BIC helped me obtain a job directly in audit. Although not directly getting me a job, the ability to understand and think about a business is very useful in audit. Basically, I am ahead of my peer group since I have seen how many businesses operate, and know how to think about planning an audit in regards to different businesses/industries.
I would make the meetings longer. When I first started, our meetings would sometimes last nearly 3+ hours. Now the meetings last two hours. I understand everybody wants to start the weekend early, but I enjoyed when our discussions would last longer, and everybody continued to learn.
During my time in BIC, watching 20-30 minute videos was my least favorite. Although these videos often contained valuable lessons or strategies, I felt that they could have significantly shortened while still conveying the same knowledge. I would have much rather spent more time on interpreting financial statements or discussing option strategies or other valuable analysis information.
Current students should participate in BIC because it is a life augmenting experience. BIC can be challenging, stressful, frustrating, and confusing. However, it is highly rewarding because of all of the difficulties the program entails. When you finally begin to understand the language of financial statements, opportunity cost, and have the courage to present your findings in front of a board of industry professionals, it is extremely satisfying.
BIC offered many aspects that prepared me for the “real world”. Among the top of these many aspects would have to be team work, leadership, professional speaking, critical thinking, and stress. In BIC, you must learn to work cohesively with a group of other interns to successfully analyze a company and build a presentation for the company. Oftentimes, you will have to display significant leadership in this team environment to ensure the presentation is the level of quality expected by the board. BIC offers an abundance of opportunities to practice and refine professional speaking skills. After each presentation, the board will ask the presenters questions regarding their presentation. These questions are often difficult or “beneath the surface” questions and they require a high level of quick critical thinking and preparation to answer correctly. Most of all, BIC teaches you how to manage stress and nerves. Throughout the entire process, interns are often short on time, manpower, and information. BIC teaches interns how to handle this stress and complete what needs to be done regardless of the circumstances.
BIC not only provided me with many professional skills, such as writing emails, thank you letters, and professional speaking, it provided me with knowledge that will be beneficial in any company. This knowledge is the ability to read and interpret financial statements.
I would keep the same amount of presentations, but spread them out more within the school year. I understand that they are already spread out as much as they can be, but you said I have all the power in the world, right?