UALR finance majors in good company with Warren Buffett

    3:50 PM, Apr 29, 2013   |    comments
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    LITTLE ROCK, Ark. (KTHV) -- What could more interesting to a finance major than studying the investment principles of multi-billionaire Warren Buffett, one the world's wealthiest and wildly successful businessmen?

    Hearing directly from the man himself, of course.

    UALR finance majors, Jessica James, David Snowden, and James Rutherford, will do exactly that when they travel to the Berkshire Hathaway Annual Meeting of Shareholders meeting in Omaha, Neb., on May 4.

    Buffett, 82, is the company's long-standing chairman and chief executive officer.

    James, Snowden, and Rutherford will attend the Young Presidents' Organization panel discussion and reception while in Omaha.

    They will also enjoy a Sunday shareholder-only shopping day at Borsheims Jewelry Co., featuring brunch, billionaires playing bridge, and jewelry sold by none other than Buffett.

    The students will send tweets and post blogs about their journey and the lessons they are learning.

    The trip is the product of the Berkshire Hathaway Independent Study Program at UALR, developed to assist three senior-level economic or finance students each year interested in learning more about Buffett's investment style.

    The partnership program between Delta Trust & Bank and the UALR College of Business originated in 2007 and continues to attract top students each year. UALR Finance Professor Dr. Larry Holland heads the program.

    Delta Trust offers internships to the students, who spend time with the management team to study finance principles in a real-world setting.

    While there, they gain insight into the financial services of trust administration, estate planning, portfolio management, financial planning, insurance, investments, trading, employee benefits, wealth transfer, and lending and credit analysis.

    "Delta Trust is extremely proud to be a part of this learning experience," said Chief Executive Officer French Hill.

    "We always look forward to working with the students through their internship and traveling with them to Omaha for the shareholders meeting. We are continuously impressed with the quality of students in the Berkshire Hathaway program and hope this program continues to grow and prosper."

    "Delta Trust & Bank has given me the opportunity to meet incredible people and receive invaluable information," said James. "I am looking forward to the Berkshire Hathaway annual shareholders meeting and the opportunity to hear Warren Buffett speak. This experience will be one I will not forget!"

    "For a finance student, there is nothing more rewarding than studying one of the world's greatest investors," said Rutherford. "I signed up for the Delta Trust Berkshire Hathaway Independent Study class because I wanted to understand exactly what makes Warren Buffett special."

    "I decided this was an opportunity I couldn't pass up," Snowden said. "I feel very fortunate to have been chosen to participate in the study. It has been a very rewarding experience to have been able to so thoroughly study the investment styles of Warren Buffett."

    More about the students:

    Jessica James has been on the Chancellor's List every semester and maintained a 4.0 GPA throughout her studies at UALR. She joined the Beta Gamma Sigma honor society in 2012 and volunteers at the Dream Center through Newlife Church. She works full time and attends school full time. James will graduate this summer.

    David Snowden has narrowed his interest to corporate and investment analysis. He is grasping the key components of financial management that allow an operating company to maximize sales and control costs with a goal of generating a strong cash flow and returns on both equity and investment. On the investment side, this core understanding translates to a broader analytical scope of industries, management, and access to capital to generate competitive returns to the stakeholders. He will graduate next month.

    James Rutherford will graduate in May 2014. He also had an internship with the notable commercial real estate firm, Doyle Rogers Co., where he gained experience in project planning, finance, and real estate development. As vice president of the UALR Finance and Economics Association, he led a team to a big win in this year's Donald W. Reynolds Governor's Cup business plan competition.

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