Presented by: Jacob Ashley & Miranda Winter

Thursday October 20, 2016

The “Oracle” of Omaha

Today’s Agenda• Who We Are• Why UML Was Selected?• Student Managed Fund• The 2011 Trip• This Year’s Trip – The Value & Agenda• Questions?

Who We Are • Jacob Ashley – Senior Accounting &

Finance Student

• Miranda Winter – Senior Finance Student

Why Was UML Selected?• Student Managed Fund Performance• Professor Ravi Jain

The Student Managed Fund

• Fund uses S&P 500 as benchmark• Placed 2nd in 2014 & 2015 while competing

against the 5 UMass System Funds (4 Undergrad & 1 Grad)

• Receiving recognition by UMass Foundation on 11/2/2016 for our 2015 performance

• Long-term investment strategy using 3 models:• Free cash flow valuation• Dividend discount model• Relative valuation

Performance Since Inception

Inception: January 1, 2008; Value: $25,000 V(BEG) V(END) Ret(FUND) Ret(S&P500)FY2010 28,448 32,815 15.88% 14.42%FY2011 32,815 42,664 23.69% 30.66%FY2012 42,664 57,896 11.64% 5.44%FY2013 57,896 67,859 15.39% 20.60%FY2014 67,859 81,718 13.08% 24.61%FY2015 81,718 90,612 10.88% 7.42%Value as of June 30, 2016: 95,814

2011

The Value of This Trip• Personally meet and listen to who is known

as one of the greatest investors of all time• Q&A session with an ICON in the investment

world• Continues to BUILD and GROW the UMass

Lowell Brand – Personally Invited • Visit Berkshire Hathaway Subsidiary

Companies • Incorporates real world experiential learning for

students

Agenda of This TripFriday, February 17, 2017 – Omaha, Nebraska

• 8:30AM - 9:30AM: Tour of Nebraska Furniture Mart (A Berkshire Hathaway subsidiary) 

• 10:00AM – Noon: Q&A session with Mr. Buffett at Berkshire Hathaway Headquarters 

• 12:30PM - 2:15PM: Lunch with Mr. Buffett at Anthony’s Steak House  

• 2:30PM – 3:30PM: Tour of Borsheims (A Berkshire Hathaway subsidiary)

• 4:30PM – 5:45PM: Tour of Oriental Trading Company (A Berkshire Hathaway subsidiary)

Thank You

Questions?