R.E.D.
kryzak
I think rhyme and other 1st years are strongly recommended NOT to over-prepare... I remember a thread about that somewhere.

All I'm doing is researching what VC's are all about.
That was:
rhyme: sleep well.
I was mostly being a little silly, but I stand by that all the same. Really what I mean is just relax - you'll be very busy soon enough (though I'm finally at the point where I can attend more events cause I've "figured out" how to study efficiently again - my goal for next week is to attend: Tuesday Night Downtown Drinking Club, Wednesday Lunch and Learn, Wednesday MCG Drinking Event, Thursday evening Invitation Recruiting Event, Friday lunch BBQ, Friday LPF, we'll see if I pull it off)
If I were to do it again, the only thing I'd do differently is start thinking a bit more critically about what I want to recruit for for my internship - maybe talk to a few people in different industries and try and narrow my list a bit before I hit campus. (Granted I had some pretty broad interests - "strategy, general mgmt, VC/PE, but not consulting, and not banking, though maybe IM looks like interesting". If you have a narrow list already, this probably wont apply).
I should have reached out to friends and family that work in these areas and learned more earlier so I could hit campus more focused. A good goal would have been to have one phone call a week with someone in one of those industries.
What I wouldn't do is: buy a stats book, or read accounting, or take a prep course, or spend hours on my resume or cover letters or try to learn investments or anything else that requires substantial continued effort.