The Oracle WEDNESDAY, SEPTEMBER 17, 2014 I VOL. 52 NO. 14 www.usforacle.com
Inside this Issue
The Index
News.................................................................1 Lifestyle......................................................4 Opinion.......................................................6
classifieds..............................................7 Crossword.........................................7 sports............................................................8
UNIVERSITY OF SOUTH FLORIDA
USF football losing student support By Jacob Hoag A S S T .
LI F E STYLE
Centre Gallery exhibit uses changing light. Page 4
Montage
SP O RTS Bulls make changes following Saturday’s blowout. BACK
Oracle online Follow The Oracle on Twitter @USFOracle or take a photo of the QR code below with a QR reader app on your smartphone.
S P O R T S
E D I T O R
Though USF Athletics has worked tirelessly to fill Raymond James Stadium, those who attended Saturday’s game against N.C. State could see that not even students are coming out to see the Bulls play football. When the Bulls burst through the fog of the tunnel and entered the field for Week 3, they saw a season-low 3,615 fans in the student section – a number that only decreased as the Bulls went on to finish the game with a 32-point loss. According to USF Athletics, fewer students have been coming to the games as the season progresses. While the Bulls’ season opener had a visibly crowded student section of 6,392 and resulted in victory against Western Carolina, the next game against Maryland had about half the turnout, with 3,965 students.
n See SUPPORT on BACK
Student attendance hit a season low at Saturday’s game against N.C. State, with only 3,615 students according to USF Athletics. ORACLE PHOTO/ADAM MATHIEU
Students learn Bulls’ market USF undergrads invest university funds for stock trading class. n
By Wesley Higgins N E W S
E D I T O R
Though “The Wolf of Wall Street” makes stock trading look like fun, business students at USF are learning the real world pressures of investing over $300,000 in a realworld setting. Throughout the school year, the Student Managed Investment Fund will present stocks to finance professionals who may decide to invest in the picks with money raised
by the USF Foundation and the College of Business. USF Professor Joseph Mohr, former owner of a financial consulting firm, said the class gives students the experience of a first-year market analyst at a professional firm. “We really stress that we expect our analysts to stop thinking like students and start thinking like professionals,” he said. “Part of this is developing an informed opinion about the market, economy and stocks.” Students examine news reports and company data to make predictions about different business sectors and the overall economic forecast. Students then compare notes and analyze all the information to predict what companies the market undervalues. “If the market has the price
higher than what the stock should be, then you shouldn’t buy it,” Mohr said. “If the market has the price lower than what the stock should be, then you should buy.” Students learn not only to analyze the behavior of markets with formulas, but how to analyze the behavior of themselves with heuristics. “We overestimate our own abilities, and we don’t like to change our beliefs,” Mohr said. According to Mohr, there are cognitive trap doors that investors often fall into, such as overconfidence, risk aversion and conformity. “We tend to fall in love with stocks and we hold onto them too long,” he said. “We teach you in here not to overestimate the precision of your forecast.”
Mohr said a naive investor is one who invests in companies solely because they like the brand. Students must often consider companies with “scars and warts.” “Just because it’s a good company, doesn’t mean it’s a good investment,” he said. “If it’s undervalued, that’s where you’re actually going to make money.” Gerardo Lopez, a senior majoring in finance, said it is this level of critical thinking that makes market analysis the most interesting job in finance. “You make a lot of money working on Wall Street, but at the same time, it’s like a game,” he said. “You have all these players out there trying to find the best ways to make
n See MARKET on PAGE 3