The Student Managed Investment Learning Experience (SMILE) Fund was formed in February 2015 and officially received funds totaling $250,000 from the UC Foundation on July 1, 2015. The fund has now grown to have over $600,000 in assets under management. In this episode, UTC's Probasco Chair of Free Enterprise, Claudia Williamson, and the Dowdle Professor of Finance at Mississippi State University, and the Director of the Institute for Market Studies, Brandon Cline, discuss the implications of student-led investments.