Dodge & Cox, a San Francisco-based investment management firm with approximately $200 billion in assets under management, will be hosting a stock pitch competition on campus this fall in conjunction with The Blue Chips investment club. The winning teams will share a $1,000 cash prize. General questions and submissions should be sent to [email protected] and more information can be found at the Dodge & Cox Case Competition Site.
Below you will find links to the new DCF model and a PDF explaining the changes and general guidelines for using the model. The overhaul is considerable so please review the PDF carefully before using the model for the first time.
Revamped Model Presentation
General DCF Lecture
Filled Out Example Model - XOM
Blank DCF Template
The Blue Chips is an investment club founded in 2003 at the University of Chicago. Over the years, we have expanded to over 100 undergraduate students who work together to actively manage a $100,000 all-equity portfolio gifted to us by Greg Wendt (A.B. '83).
Our mission is twofold. First, to create an authentic investing experience for our members through practical application of theoretical concepts and active portfolio management. Second, to provide our members with the tools they need to fully benefit from their experience in TBC.?
Our training process consists of two parts. Upon being admitted into TBC, new analysts are led through a quarter of training by senior leadership. This program is designed to teach basic analytical skills and introduce analysts to business-oriented thinking. After successful completion of training, members are placed into one of our seven sectors (Basic Materials, Consumer, Energy, Financials, Healthcare, Industrials, and Technology). Each sector seeks out and pitches attractive investment opportunities for the portfolio. Through this process, members continue their professional development by honing their analytical skills and expanding their industry knowledge.
Outside of the sector experience, we encourage innovative ideas and discussion through guest speaker series, networking sessions, and our alumni mentorship program. Our outreach efforts include hosting stock competitions and holding a variety of campus-wide events in our efforts to expand financial literacy and generate lively discussion in the larger community. Finally, giving back to our community is important to us. If our portfolio records a profit for the year, we are committed to giving a fixed amount of our portfolio to other student organizations on campus to acknowledge our support for the broader campus community.?
For more information, please feel free to contact us at [email protected] or attend one of our general meetings.
The Blue Chips is an officially recognized student organization (RSO) of The University of Chicago. We aim to provide our members wits a forum for expanding finance, investing, and business knowledge. We create such opportunities through a structured curriculum, portfolio management, lively debate, unique interaction with professionals, and informal discussion. We further seek to promote financial and markets literacy through campus-wide events and collaboration with other RSOs.
Our club's culture is defined by three pillars: education, execution and, for lack of a better word, fun.
Education: our highest priority is ensuring our members' intellectual and practical development with regards to financial markets. We believe anyone can better understand financial markets if they have the will and dedication.
Execution: innovation, initiative, and the ability to make things happen are strongly valued and encouraged. Seeking constant improvement in our mission, The Blue Chips strongly encourages ALL members to bring new ideas to the table and, if they're well thought, to make them happen, to deliver consistently and professionally.
Enjoyment: at the end of the day, we would not belong to this club if we weren't having fun, if we did not enjoy each others' company, and if we took ourselves too seriously to let loose once in a while. Understanding the immense dynamics of increasingly global financial markets is serious business, but is good business only when you can do it with a smile.
There are several levels of membership within the organization.
Affiliates include individuals that have expressed an interest in joining the club or attending its events, but do not participate in its weekly activities and operations. Affiliate members do not participate in equity research and analysis, and are not required to participate in educational sesssions.
Analysts are required to go through an application and interview process, as well as a training program. Upon successful completion of training, they are assigned to an industry coverage group. Responsibilities include achieving a solid grasp of fundamental analysis and understanding sector dynamics, conducting equity research and analysis, and generating ideas to further the club's investment portfolio.
After one or two successful quarters as an analyst, those who wish to take on more responsibility are invited to apply to become Sector Leaders. Their responsibilities expand to recruiting and analyst development, organizing and initiating equity research, leading sector groups, educational development, and event execution. Sector Leaders should have a solid grasp of fundamental analysis, and many have rudimentary experience with Discounted Cash Flow modeling.
Directors have typically been in the club at least one year and constitute its primary leadership, often being elected to their positions. Responsibilities include administering the club's affairs, serving as liaisons between the club and external parties, generating and managing pitch flow, overseeing the portfolio, and future leadership development. Furthermore, directors often spearhead and drive the educational process, from generating topics of discussion to presenting those topics. Directors typically have an expert grasp of fundamental analysis including a working understanding of Discounted Cash Flow modeling.
The Blue Chips was established, in part, to build strong relationships between the business community and University of Chicago students interested in finance. Over the past few years, interactions with the business community have included educational lectures for the University community-at-large, as well as recruitment events co-sponsored with other on-campus organizations.
TBC is always interested in hearing from those who are interested in offering educational opportunities to our membership, contacting our members about job openings and other employment opportunities. To establish contact with our club, please e-mail us at [email protected].
Club alumni have gone on to work in a variety of fields, including Equity Research, Investment Banking, Investment Management, Management Consulting, Private Banking, Private Equity, Proprietary Trading, and Sales and Trading. They have worked in locations including New York, Chicago, San Francisco, Los Angeles, London, Hong Kong, Singapore, and Shanghai.
To verify a job candidate's membership status within TBC please click here.
Select firms represented by former TBC members include:
|Bain & Company||Credit Suisse||Deutsche Bank||Goldman Sachs||J.P. Morgan|
|Lazard Frčres||LEK Consulting||Madison Dearborn Partners||McKinsey & Co.||Morgan Stanley|
|Morningstar||Ruane, Cunniff & Goldfarb||Spot Trading||Thomas Weisel Partners||UBS|
Current University of Chicago undergraduate students interested in joining the club can email [email protected] for more information about the application process and upcoming deadlines. To follow the application please subscribe to the tbc_application listhost on lists.uchicago.edu.
Firms seeking recruitment opportunities with The Blue Chips should reach us at [email protected]
Stuart Hall - Room 105
Please note that due to the academic calendar and external events, meeting times are subject to change.