The students who took the Student Investment Fund class last year collectively wrote a letter to future class members to encourage them in their studies, offer some sound advice, and encourage them to take full advantage of everything the class, and the David Eccles School of Business, has to offer. It’s a great example of how our students look out for each other year to year. Here’s the letter: 

Advice to the Incoming Fund Analysts

For many of you, this will be the first time that you have ever translated what you have learned about equities to actual real-world applications. In most cases, you probably already know what stocks are, how they can be used, how they derive their value, why your portfolio needs to be diversified, and so forth, but in the actual scrutiny, research, presentation, and purchase of holdings, you will likely run into many situations that are not always foreseeable.

As a class, we had a pretty good run. We were fortunate in that we inherited a robust market and a strong portfolio. We had the right approach in that we took our responsibilities seriously and did our utmost to make solid decisions. However, we nevertheless found ourselves in many difficult situations. We ask that you do your best to learn from our experiences, our shortcomings, and our successes. We leave you with a few pieces of advice, in hopes that they will serve you well.

First and foremost: do not be mistaken; being successful in your current capacity takes a lot of hard work. This will very likely take more dedication, more time, and more teamwork than any of your courses before this and after. There will be long nights. There will be arguments, rest assured. However, these are nothing that cannot be taken on with some late night food runs and sensible compromise.

Secondly: you have excellent resources; use them. You will be the first analysts that have access to the new trading room. Expect to spend a lot of time there. Get to know the software programs available to you. At first, they may be intimidating, but you will learn to love them, for when properly applied, they make your job much more manageable. You have a knowledgeable and open advisor in Liz (Tashjian). Approach her. Ask questions. Ask advice. At times you may feel intimidated, but she will always be there to assist you with your best interests in mind. You will find yourself among some of the best and brightest students that the university has to offer in your discipline. Get to know each and every one of them. Learn from them, for they are