Elliott Honeywell

Based on the most helpful WSO content, the time it takes to formulate an investment idea or stock pitch can vary significantly depending on the complexity of the opportunity. Here are some key points:

1. Initial Research and Analysis:

   • Sources: Utilize industry reports, firm experience, and consensus earnings.
   • Duration: This initial phase can take a few days to a week.

2. Formulating a View:

   • Consensus and Outliers: Compile consensus earnings and speak to outlier analysts to understand different perspectives.
   • Position Formation: Form a view on key issues and take a position.
   • Duration: This process typically takes a few days.

3. Due Diligence:

   • In-depth Analysis: Dig through filings of the target company, its competitors, and other players in the value chain.
   • Cross-validation: Validate initial impressions about the attractiveness of the space and the target company.
   • Duration: This can take a significant amount of time, often a week or more.

4. Internal Discussions:

   • Team Discussions: Discuss the opportunity with bosses and team members to decide whether to proceed.
   • Duration: This can take a day or two.

5. Final Decision and Public Disclosure:

   • Recommendation: Finalize the recommendation and make a call on the action.
   • Public Disclosure: Go public with the position.
   • Duration: The entire process from ideation to public disclosure can range from a few days to several weeks, depending on the complexity and urgency of the investment idea.

In summary, the process of putting on a position like Elliott Honeywell's $5B investment can take anywhere from a few days to several weeks, depending on the complexity and the thoroughness of the due diligence required.

Sources: How long does it take to formulate a investment idea / stock pitch, How long does it take to formulate a investment idea / stock pitch, How long does your research process take?, Hedge Fund: The Investment Life Cycle