This past weekend during my managing personal wealth class, we heard from Todd Houge, who teaches the Applied Securities Management class at the University of Iowa. In that class the students manage a fund called the Henry Fund.
The students put a lot of work into the class and have to research companies in order to make buy and sell decisions (following the firm foundation theory of stocks). The best part about this is that the research reports are posted online. These are well written and extremely in-depth reports that consider a lot of economic factors in order to come to their conclusions. Check out their reports here.
The fund is also quite successful. They have beaten the S&P500 by 2.5% since the fund started. Dr. Houge attributes this to the high turnover of students (they take the class for one year). This might contribute to a lesser bias towards stocks, because the students weren't the ones who bought them. None of them can say, "But I don't want to sell that one! It's going places!"
Check it out and let me know what you think.
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