汤姆·罗素不满于大多数学生运营的投资俱乐部无法为学生提供价值，创立了5x5x5罗素学生投资基金，旨在通过长期基金教学价值来替代传统的短期活动。每年，学生提交新投资想法，最终选出五个想法并持有五年。五年后，原始金额调整通胀后重新投入基金，其余收益用于支持班级中传统上代表性不足的成员的奖学金。

🚀 汤姆·罗素创立的5x5x5投资基金，通过长期持有而非短期交易，展现了其教学价值。学生每年提交投资想法，五个胜出者将获得五年的投资周期，这种方法培养了学生的耐心和长远眼光。

🎓 该基金的目标不仅是教育学生，还通过将收益用于奖学金，支持少数群体学生，体现了社会责任。这种模式让学生在投资中学习，同时为社会做出贡献。

📈 学生们对所投公司的选择基于深入的分析和讨论，如Atlassian、Vestas Wind Systems和Gruma等，他们分析了这些公司的竞争优势、市场机会以及风险管理，展现了专业投资者的素养。

💡 学生Rainbow、Andreas和Ryan分享了他们选择Atlassian、Vestas和Gruma的原因，包括公司的竞争力、市场潜力以及他们个人的研究过程，这些讨论体现了学生的洞察力和批判性思维。

🌬️ Andreas对Vestas Wind Systems的投资分析，包括风力发电间歇性的风险考量，以及Wright's Law对利润率的影响，展现了对可持续能源投资深入的理解。

Not satisfied with the lack of value most student-run investment clubs offered to students, Tom Russo designed a better way.

 

Through the 5x5x5 Russo Student Investment Fund, he set out to prove the teaching value of a long-term fund rather than the conventional short-term activity that the existing systems favored.

 

Each year, students submit their ideas for new investments with five ideas ultimately being selected and held in their entirety for five years. At the end of those five years, the inflation-adjusted original amount is invested back into the fund and any other gains are used to support scholarships for traditionally under-represented members of the class.

 

Today I’m joined by Tom Russo himself to discuss this year’s picks for the 5x5x5 fund with three of the students who pitched them. I continue to be impressed with the sophistication of the insights made by the students and the professional discussions that arise for each pitch.

 

In this episode, Tom, Rainbow, Andreas, Ryan, and I discuss why they were initially attracted to the companies they pitched, the competitive advantages and under-appreciated opportunities that exist, key factors that appealed to each of them for their selected companies, and so much more!

 

Key Topics:

 

The problem with most student-run investment clubs (1:18) How the 5x5x5 Russo Student Investment Fund started (2:22) Goals of the program (4:04) Performance of the Fund’s international holdings (7:01) How personal experience drew Rainbow’s interest in Atlassian (9:45) Atlassian’s self-reinforcing competitive advantage (10:45) What makes Atlassian an extraordinary investment (12:10) Managing the risk of industry consolidation (15:59) Rainbow’s initial research focus on Atlassian partners (18:05) Understanding the magnitude of investment and return on investment (19:32) The types of companies we like to invest in (22:54) What initially attracted Andreas to Vestas Wind Systems (24:36) Key facts about Vestas (25:39) The main elements that make Vestas an attractive investment (27:41) How Vestas’ margins are impacted by the effects of Wright’s Law (30:54) Why Andreas isn’t concerned about the intermittent nature of wind power (33:06) Mitigating the core risks associated with Vestas (35:03) Understanding the real return on capital committed (36:47) Why Ryan became interested in Gruma (39:49) Key facts about Gruma (40:34) The investment opportunity Ryan sees in Gruma (43:44) Ryan’s confidence in the founding family and management (47:01) The value of the Gruma brand and steady leadership (48:34) Underappreciated insights into Gruma (50:36) How Gruma handles distribution (53:40) Ryan’s assessment of Gruma’s Europe business (55:01) And much more!

 

Mentioned in this Episode:

 

5x5x5 Student Investment Fund
Rainbow Chik’s Write-Up of Atlassian Andreas Helland’s Write-Up of Vestas Wind Systems Ryan Albert’s Write-Up of Gruma, S.A.B. de C.V.

 

Thanks for Listening!

 

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