9/22 Minutes

With all that's going on with the markets right now, obviously there's a lot to talk about. That said, much of tonight's meeting centered around trying to put together an interdisciplinary panel of professors to put recent events in a historical perspective, and try to explain the reasons for and consquences of tightening credit markets, bank failures, bailouts, etc. It will be geared not only to us, but to the greater campus community who might not understand what's going on, or the importance of it, so when the time comes, bring your friends.

Also, next week will be when we vote on a new executive board (President, Vice President, Secretary/Treasurer) and formally decide what industries we want to cover, and set industry group leaders. That said, with all that's going on the markets, we may have to be flexible this year, as entire sectors might just become too risky for our purposes. If you're interested in running for a position, come to next week's meeting knowing what you want to do and why.

So, next week's meeting is a very important one, and you should come.

Minutes 9/15

• Current Events: We discussed Lehman Brothers’ Chapter 11 bankruptcy filing, Merrill Lynch bought by Bank of America, one of the worst financial days in history
• How does this affect our strategy? Consumers get hit before financials, so they could experience the rebound first? Has this already begun?
  
• Which financials would be worth buying? Smaller M&A firms? Independent Brokers? International M&A?
• Solar stocks: trading at lows, alternative energy an interest of the group, subsidies about to expire and will they be renewed?
• Books: some are available at the library, cdo, we can use our budget to buy more
  
• An update on speakers, including asking Professors to talk about their expertise and how it related to the market, possibly sponsoring a panel on energy and the economy, with Professors Paul Ruud and Challey?
  
• We discussed getting in touch with someone on the Endowment committee
• Group Portfolio: Wait until next week to discuss the framework (mix and max investment, structure, etc)
• Resume/cover letter review next week for underclassmen, so come prepared!
• The exec board has been updating the constitution in preparation for elections, so this will be addressed by the end of the month as well.

See you all next week at 8, New England 107.

9/8 Minutes

• Introduction to the club, our goals and structure for new members
  
• We talked about what kind of experience we have, and what we're interested in doing with the club
  
• Reorganization of industry groups and a new exec board is up for discussion, to be decided by the end of the month
  
• The meeting on the 22nd will focus on getting resumes and cover letters into shape for freshmen, sophomores, and juniors, with help provided by seniors
  
• We discussed an alternative investment idea outside of the club in which people would contribute personal funds and manage as a consortium to show dedication and gain further experience
  

Next group meeting will be next Monday, 8PM in New England 107.