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by Heather Long @byHeatherLong March 23, 2016: 10:40 AM ET
lafayette investing 2
Don’t be surprised if the next Warren Buffett or Ray Dalio is a
Lafayette College grad.
Instead of hitting up Happy Hour on Friday afternoons, about 100
Lafayette students head to an auditorium to talk about stocks and
bonds.
This isn’t a class. It’s the oldest student-run investing club in
America.
Its origins go all the way back to World War II, when the U.S. military
assigned Officer John Tarbell to give basic investing tips to veterans
returning from Europe to America. Tarbell was a finance professor
before joining the Army and the veterans needed the advice — many were
born in the Great Depression and were afraid of the markets.
Several vets were so grateful to Tarbell that they gifted him $3,000 to
start an investing club at Lafayette, a small liberal arts school in
Pennsylvania, where he returned to teaching finance full-time after his
military service.
Today the portfolio is worth over $530,000.
It has gained more than 17,500% since the first stock was purchased in
1946. It’s a solid return that beats the overall stock market (the
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