How to become really good at ER
How can I get good at ER? Do I need a mentor that can review my research reports?
How can I get good at ER? Do I need a mentor that can review my research reports?
| +13 | Is Equity Research Dying - Where Are the Future Opportunites? | 4 | 19h |
| +10 | Associates who stuck around for > 5 years working for the same analyst. Why? | 4 | 6d |
| +9 | UBS ER SA27 Superday | 7 | 3w |
| +9 | Detailed Revenue and Cost Builds | 3 | 1w |
| +7 | Analyst with no coverage or ranking | 5 | 1w |
| +7 | Uiuc or Ross or UChicago | 8 | 2w |
| +1 | IB SA -> ER FT | 4 | 2w |
| 0 | Equity Research Rankings | 1 | 1w |
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Get good by doing. Mentor not needed.
Keep up with the news, read notes if you have access to them, practice modeling, learn the boring stuff like FactSet, pay attention in classes if you are a student, join investing clubs, etc. I’m sure you can think of something…
Look up Stacy Rasgon on twitter and look through some of his threads on being an associate and what SS research is about.
Hard disagree. You can do a lot of running in place if you’re totally unguided.
No small part of the job is distilling a stock down to its 1 - 3 key drivers and forming a differentiated view on each. Debating / exchanging with investors is one of the more comprehensive ways to do so, and the best way to have a window into those exchanges is through a mentor.
Key drivers, differentiated view, debating ideas. As a student, this is what investing clubs are for and these skills come with practice. Most people don’t have the luxury of a direct mentor guiding them every step of the way and somehow they figured it out.
I am in the camp of: you need to get to a certain competency before mentors want to spare their time mentoring you.
And learn to google and use ChatGPT. And read, read, and read. If you don't even know what to read, you don't want it hard enough.
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