Finance

Buffett to Smith Students: Master Salesmanship, Temperament

David Kass, far left, Warren Buffett, center, during a visit with Smith School students.Some 66 years ago, MBA student Warren Buffett trekked from New York to Washington, D.C., seeking career wisdom. He arrived unannounced at Geico, drawn there because it was chaired by his former professor, investing guru Benjamin Graham. It was a Saturday, but Buffett encountered a Geico executive onsite and seized the opportunity to glean several hours' worth of insight about the insurance industry and firm. A couple of weeks ago, Buffett paid that forward, sharing insights with 20 Smith School graduate students, during a meeting in Omaha, where Berkshire is headquartered. He spoke about salesmanship, temperament and what he looks for in a job candidate.Read more...

Why Is Warren Buffett Buying Airline Stocks?

An airplane silhouetted against the skyWarren Buffett once referred to airlines as an investment “death trap.” So why would his Berkshire Hathaway be placing big bets on airline shares? The Oracle of Omaha's railroad strategy offers some clues, says Smith School professor David Kass. The airline industry "has pretty much rationalized itself, similar to railroads," Kass tells Bloomberg. "They have their sort-of monopoly routes, they can price as they choose to maximize profits, and there are huge barriers to entry." Read more...

Under President Trump: Six Questions on the Economy

The question of who will be the 45th U.S. president has been answered with the upset victory of Republican Donald Trump. Now many are asking what U.S. economic policy will look like under his administration. Smith School experts will explore some of the larger economic questions facing the new administration at a pair of events next week in Washington, D.C. Here is a snapshot of some of the big issues they will discuss. Read more...

Election's Impending Market Effects

Though polls show Hillary Clinton losing ground to Donald Trump, her advantage in the betting markets continues. Ireland-based PaddyPower still shows Clinton with a 75 percent probability of winning, despite an alert from FBI director James Comey that the Clinton email investigation still has life. Smith School finance professor David Kass discusses how the 2016 U.S. presidential election would move market sectors if Clinton wins. Read more...

Finance Fellows Networking Night

Speed dating took on a new meaning for undergraduates studying finance at the University of Maryland’s Robert H. Smith School of Business last week. For several hours on Oct. 26, 2016, more than 130 students mixed and mingled with almost 40 professional mentors from the field of finance at the annual Finance Fellows Networking Night. Several of the mentors were Smith alumni who returned to College Park representing firms such as Capital One, Northwestern Mutual, Deloitte, Harborside Group, and SECU, to name just a few.

The Economist Ranks Smith Faculty No. 1 in World

Professors at the University of Maryland's Robert H. Smith School of Business placed No. 1 in the world for "faculty quality" in The Economist's 2016 full-time MBA rankings, marking the third consecutive year atop the category. Prior to the current run, the school finished No. 2 for faculty quality in 2013. Overall, the Smith School finished No. 47 globally and No. 32 in the United States in the latest rankings, released Oct. 13.

One Big Question About the AT&T-Time Warner Deal

AT&T's proposed $85.4 billion acquisition of Time Warner could be the first of a string of similar mergers to come. So you have to wonder: Why is Wall Street giving the deal such a cold shoulder? It could be a sense that the deal won't go through, or it could be a sense of market deja vu. "My first reaction?" says Smith School finance professor Richmond Mathews, "Oh, no. Here we go again." Read more...

Could Deutsche Bank Fine Spark a New Crisis?

Headquarters of Deutsche Bank in Frankfurt, Germany Deutsche Bank is facing a possible $14-billion fine from U.S. regulators for its alleged role in propping up the housing market in the lead-up to the Great Recession, igniting some fears that the unprecedented sanction poses a new set of risks for the Frankfurt-based bank and the global financial system. "Brace yourselves. Sooner or later, history repeats itself, and the banks will fail again," Smith School professor Peter Morici says. Read more...

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