What happens when a Goldman Sachs whizkid and head of Jayhawk Capital Management decides to give back to his university by teaching a course to trade real money within the KU School of Business. And what happens when students don’t learn from a text book, but actually become financial analysts, portfolio managers, and long-term investors within KU’s Applied Portfolio Management Program? And what happens when they learn the fine art of valuation, and have their valuation assumptions grilled by the same whizkid or Prof. Catherine Shenoy. The results are stunning: students learn how to value and dissect the performance of public companies, to trade and invest based on their own buy/sell recommendations, and learn the process of portfolio management under the wings of a tremendously successful investor. The book represents the classnotes and actual results of the Applied Portfolio Management program, which has returned in excess of 210%+ since January 2003, 2.5 times better than the returns of the S&P 500 index.
Book Details:
- Author: Catherine Shenoy
- ISBN: 9780470041727
- Year Published: 2008
- Pages: 282
- BISAC: BUS036090, BUSINESS & ECONOMICS/Investments & Securities / Portfolio Management
About the Book and Topic:
What happens when a Goldman Sachs whizkid and head of Jayhawk Capital Management decides to give back to his university by teaching a course to trade real money within the KU School of Business. And what happens when students don’t learn from a text book, but actually become financial analysts, portfolio managers, and long-term investors within KU’s Applied Portfolio Management Program? And what happens when they learn the fine art of valuation, and have their valuation assumptions grilled by the same whizkid or Prof. Catherine Shenoy. The results are stunning: students learn how to value and dissect the performance of public companies, to trade and invest based on their own buy/sell recommendations, and learn the process of portfolio management under the wings of a tremendously successful investor. The book represents the classnotes and actual results of the Applied Portfolio Management program, which has returned in excess of 210%+ since January 2003, 2.5 times better than the returns of the S&P 500 index.
At the KU School of Business, students enrolled inthe Applied Portfolio Management Program have the opportunity to incorporate the real world into the classroom and learn the art of investing through the Socratic Method: every question leads to an answer and another question, and logic followed leads to a prudent way to invest in stocks. Jayhawk Boulevard and Wall Street intersect in the Applied Portfolio Management program for hands-on training, networking, and professional development. More than 60 top executives and Wall Street professionals from all over the U.S. and other countries have participated in teaching the class.
Learn by doing. Gives readers practical investment experience; introduces them to various styles of investing. Teaches them the fundamentals of running different kinds of businesses, and stock valuation and investing. Learn by being there. Exposes readers to all of the money management-related professions, to the culture of Wall Street and Wall Street professionals, and teaches them the critical skills it takes to be a financial analyst, portfolio manager, and active stock investor. Learn directly through success and failure with a real portfolio. Real money is being managed, and every decision leads to success or failure. The book teaches readers all the essential skills that MBA student are learning in the classroom to be successful portfolio managers. Stellar stock investment track record. The Beardstown Ladies this is not; the Applied Portfolio Management Program — managed by McCarthy, Shenoy and MBA students at the University of Kansas — has outperformed the market in dramatic fashion over its history.
About the Author
Catherine Shenoy (Lawrence, KS) is Director of the Applied Portfolio Management program and professor of finance at the University of Kansas School of Business. Shenoy graduated from KU in 1979 with a degree in Accounting. She worked for the U.S. State Department as a Foreign Service Officer in Washington D.C. and Tunis, Tunisia before returning to Lawrence and KU. At KU, she received her MBA in 1983 and her PhD in Finance in 1991. Since 1993 she has taught accounting, statistics and finance n the Business School. Her research areas include coprorate governance, corporate financial policies, and applications of artificial intelligence to portfolio analysis. In 1996 she and Paul Koch received the Guy O. Mabry Award for the best publication in the School of Business for their paper, “The Firm’s Leverage/Cash-Flow Relationship.” Kent McCarthy (Lawrence, KS) is Executive Director, Head Portfolio Manager, and Lecturer with the Applied Portfolio Management Program at the University of Kansas School of Business. McCarthy received a Bachelors of Science in Businesss Administration and Accounting in 1980 and Masters in Taxation in 1981 from the University of Kansas. He earned his CPA while working in the Tax Department at Peat, Marwick & Mitchell in Kansas City. In 1984, Kent received his Masters of Business Administration degree from Stanford University. Kent later worked for Goldman Sachs in New York and San Francisco from 1984 to 1994. In 1988 Kent took a brief hiatus from Goldman to teach the APM class for one semester. In 1994, Kent retired from Goldman Sachs, returned to Kansas, and began teaching the APM class full-time. In 1995 and 1996, Kent started two hedge funds, and in 1996 he started the Jayhawk China fund that specializes in Asian Equities. McCarthy leads the class in discussions, analysis, and company valuations. He also utilizes his Wall Street contracts by arranging for guest speakers to present to the class. He will actively participate, in in person or via conference calls, with class each semester, despite sharing primary teach responsibility with Catherine Shenoy in the future. Kent’s peripheral duties will include the arrangement of company speakers and fundraising duties for the class portfolio.