He thinks the recent recruitment of Meg Van De Weghe to the finance faculty in 1996, will change the balance in the future. Van De Weghe, a former managing director at J.P. Morgan, currently teaches an M.B.A. class in securities analysis and has taken an active interest in the fund. Terrapin Fund students spend time away from portfolio management gaining an understanding of the business from prominent alumni. They attend conferences on investment technology and sit in on strategy sessions of professional firms. But it is clear that their enthusiasm is for the game itself.
Companies have personalities.
You have an opportunity to learn their behaviors, make some fun bets. We're looking at long-term investment futures, we're at the beginning of a cycle. It seems like every week the market's up another 15 points. Even the crash in '87 lasted only a few days before turning up. It's hard to imagine how I would react to seeing my stocks going down every week for even a month.