What should I be reading?

I’m a senior in college and starting on the sell side in a few months. I’ve spoken to a few alumni in the industry and have gotten a few book recommendations.

How is VIC in 2026? People talk about the quality falling off from its peak but I’d have no idea. If not VIC is there anywhere else you source ideas?

Do any of you read any niche substacks, or blogs (like SemiAnalysis)? Super interested in these because I’ve found a few that are insanely well researched with very low viewership/activity.

I’d be super grateful if anyone has some interesting sources they’d be willing to share.

5 Comments
 

Based on the most helpful WSO content, here are some insights and recommendations for your situation:

  1. Sell-Side Research: As you're starting on the sell side, it's crucial to familiarize yourself with the top research providers. UBS, JPM, and Barclays are often highlighted for their strong coverage and quality updates. Bernstein and Morningstar are also highly regarded, with Morningstar being noted for its unique and well-researched approach.

  2. Alternative Sources for Ideas:

    • Blogs and Newsletters: Many buy-side analysts recommend niche blogs and newsletters for unique insights. While specific names like SemiAnalysis weren't directly mentioned in the context, exploring similar niche sources with deep dives into specific industries or sectors can be valuable.
    • Smaller Firms: Firms like KeyBanc, RBC, Jefferies, and others are noted for their decent coverage and sometimes niche expertise. For example, Simmons (Piper) and Tudor are strong in energy, while Vertical excels in industrials/materials.
  3. Value Investors Club (VIC): While the context doesn't provide a direct update on VIC's quality in 2026, it does emphasize the importance of sell-side research and smaller, niche sources for generating ideas. If VIC's quality has declined, exploring other platforms or communities with a focus on deep fundamental analysis might be a good alternative.

  4. Emerging Markets and Small/Mid-Caps: Sell-side research is often a significant driver of returns in these areas, especially where buy-side houses lack strong in-house research teams. This could be an area to explore for unique opportunities.

  5. General Advice: Scanning recent 8-Ks, earnings transcripts, and sell-side reports from multiple providers can help you stay informed and develop a comprehensive view of the market.

If you're looking for niche sources, consider exploring lesser-known blogs, newsletters, or even forums where professionals share insights. These can often provide unique perspectives that aren't widely covered.

Sources: How To Follow The Markets Like A Pro – For Free!, Long term, concentrated, deep fundamental investing, What would you like to know about Equity Sales / Research?, Breaking into buy-side equity research - my experience, https://www.wallstreetoasis.com/forum/equity-research/career-ladder-equity-research-vs-investment-banking-a-definitive-guide-part-3?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Whatever you end up “selling” you should be the world’s expert on. For example if you are going to cover AMBA stock, you should be the most knowledgeable person about it on planet earth. Good luck 

 

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