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
relatable
Many such cases
Passed away after reading the wacc part
My PM told me I hardcoded the terminal value. Not sure what that means, sounds like it was good though.
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.
lmao never bet against the casino
Average AIF member
AIF members have no life
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