Being a freshman analyst at a student managed investment fund is a paradise

I wake up at 8:40. I'm already late to my first class. I think about going. I never do. 

I open the WSJ app on my phone. I understand nothing. Yen is down. This is important. I will bring this up in conversation at least three times today.

By 9 I'm heading for breakfast. I forgot my ID, so I have to beg my PM to let me into the dining hall. He pretends I don't exist.

By 9:20 I'm sitting at a bloomberg terminal. I barely am able to sign in. I've taken 1 accounting class, I don't even know what goodwill is. Bloomberg access is wasted on me. 

At 9:30 I watch what my sector's holding's are doing at the bell. We can only trade on one day of the week. There is no reason for me to be here. 

I open a model I'm working on. I increase the wacc by 25 bps, valuation skyrockets. Clearly, I'm making a meaningful impact on this fund.

By noon, I leave for class. I sit in the back. I do not take notes. Instead, I open FactSet and continue watching our holdings. My GPA is declining. Our AUM is too.

At 2 I go to this weeks pitch. I ask about valuation. I don't know what I mean. The presenting sector doesn't know what I mean. I vote no.

At market close, I look at what happened for the day. We have a negative sharpe ratio over the last two years. That doesn't matter.

At 5 I go to a random economics professor's office hours. I ask if the fed will cut rates. He tells me to leave. I do.

At our sector meeting, my PM asks for companies we can pitch. I suggest Palantir. He says no. He always says no.

By 1 AM, I go to bed. I haven't done homework in weeks. I haven't even gone to class. The investment fund matters more. 

I will do this all again tomorrow.

Being a freshman analyst at a student managed investment fund is a paradise

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Funniest

No joke- in college playing a paper stock market game, I invested heavily in Little Caesars with the rationale that because it was now Fall and school was back in session, people would be eating more pizza. A real Warren Buffet I was.

But, I only thought I was investing in Little Caesars. Thinking it was the same thing, I bought CZR- Caesars Entertainment. Didn't realize my mistake for months. However it was the early 2010s and everything was going up. I did ok.

 

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