Wednesday, May 14, 2008
TCU’s Investor Challenge nets hard cash scholarships for talented virtual portfolio investors
Did the winning entrants engage in more than a crapshoot? (I'm guessing "yes.")
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Some investing methods work better than others.
Once again in 2008 (for the fifth consecutive year), Texas Christian University's Neely School of Business sponsored a High School Investor Challenge, this time opening the competition to students outside the state of Texas.
Starting last summer when the participants (52 in total) spent a week on campus, each student had until April of this year to invest a virtual portfolio of $100,000. In April, they presented their results.
Receiving scholarships (totaling $178,500) for the performance of their investment portfolios were Kevin Able of Kansas; Blake Asjes of Missouri; John Bicknell of Louisiana; Brian Ford, Clay Holshouser, Garrett Isbell, Hayley Netherton, Kalie Presti, Carlos Reyes-Garcia, Lauren Rogers, Caroline Thompson, John Thompson and James Walsh of Texas; William Vonderfecht of Nebraska; and Andrew Yoder of Colorado.
Presumably, these kids actually did some P/L and corporate leadership research instead of just using the dartboard approach or casting runes.
posted by JM
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