Stephen Schwartzman HKS student roundtable (2008)

Talking about:

1. 1. The failures of your own expectations...
2. 2. Are [strong] opinioned ("people that march on their own drum") the best crop in finance ? Not necessary...
3. 3. Academia is designed for rational people, and,
4. 4. Good question for those who want to go into public service: "Are you independently wealthy ?" When you get mostly "nos" too that, where does that lead you ?
5. 5. How Sun Valley, ID became a sky resort.
6. 6. Most people do truly entrepreneurial things maybe only once in their lifetime...
7. 7. In the real world (as opposed to in school), A is the only acceptable grade. No B+s, A-s.

Note: Mr. Schwartzman's statement that "He'll never be smarter or as smart as he was at 32 or 33" is really a form of self-flattery.

Add Aug. 30st:

Read and reviewed the 3 Winning Entries to this years VIC, they are decent. The winners will be announced Sept. 17th in NY. http://valueinvestingchallenge.com/download-2013/

Congrats to:

Daniel Lawrence, of Elmrox Investment Group
Pitch: Long on Ashland (ASH:US)

David Swartz of Pacific West Land
Pitch: Short on LifeLock (LOCK:US)

Travis Cocke of Southpaw Capital
Pitch: Short on Exact Sciences (EXAS:US)