I want to say thanks to my Polaris teammates and Chuck Martin, the sponsor of the competition. For those who don't know, Polaris is one of Merage's unique competitions where teams of students are responsible to invest $250K of Chuck's money in the stock market over the course of a year.
This year was a tough year for investors (the S&P return was negative). 5 teams competed and 4 delivered positive returns (the top 2 teams were over 30%!); killing the market and probably beating most professional investors. Our team came 4th with a return in the area of 11% (earning each member a scholarship of $1800). We started the competition like we were shot out of a cannon leading the competition for almost half a year, but the market caught up with us. Timing definitely had a big impact on our portfolio, but we took away great lessons about team work, decision-making, taking market gains, attention to detail, and trusting our analysis. For a team with no investment experience, I am very proud of our efforts.
Credit must go to my teammates Girish Simon, Priyanka Saxena, and Craig Young. Special thanks goes to our team leader Petra Neumayr who kept us on track. Below, my team - The Intangibles:
Friday, July 04, 2008
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