Indeed, for the last few years, the CWF has outperformed the stock market as a whole by a wide margin.
In 1997, according to Shah, the group's return on its investments was 59 percent. In 1998, that number grew to an astronomical 94 percent, and fell back to 68 percent in 1999.
But Wu stresses that the CWF's primary objective is not profit.
"The main point of the club is to learn about the market, not to make money," Wu says. "If it were, we would have meetings every day and not once a week."
Charles River Growth Fund
"Everyone can speak and present ideas," Muzinich says of the club's weekly meetings. "We try to make at least one transaction at every meeting. It makes things more exciting."
But unlike CWF with its open enrollment, CRGF tries keep its membership constant at about 25. New members are selected through an application process--though no investing experience is required.
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