Liz Ann Sonders, who earned her bachelor's degree from UD in international relations in 1986 and has gone on to a notable career on Wall Street, returned to campus in January to deliver the 2014 Winter Commencement address and to take part in a panel discussion focused on investing.
The campus panel discussion, held the Friday before the Winter Commencement ceremony, can be viewed below.
Sonders also met and spoke with several students and faculty members prior to
the panel presentation, which was sponsored by the College of Arts and Sciences and the Alfred Lerner College of
Business and Economics.
In her Winter Commencement address, Sonders shared
some of the Wall Street savvy that has earned her respect and honors as
senior vice president and chief investment strategist for Charles
Schwab and Co. She cautioned future investors from the Class of 2013 not to be
lured by the “greed is good,” approach of Gordon Gekko in the Wall Street movies but to follow the advice of Warren Buffett, who recommends a “long-term greed” investment philosophy.
"Your career path is likely to take many turns throughout your life,
and investing is indeed a marathon, not a sprint,” Sonders said. “Be
long-term greedy, because there are very, very few credible, if any,
get-rich quick schemes.”
To complement the brain-over-emotion approach to investing and
planning a financial future, Sonders also emphasized the need to develop
an instinct-based alarm system.
“Be attuned to that inner feeling in your gut, or the sound in your
head — call it the twang or the clang,” she said. “It’s when you
know something is not quite right, or way off kilter, or out of tune.
Hone and trust those instincts.”