Fundamental Edge - Brett?
I surprisingly cannot find very much content or discussion about this course - I know Brett is pretty well known and respected but has anyone actually taken it, or know someone who has? Is it worth the money?
I surprisingly cannot find very much content or discussion about this course - I know Brett is pretty well known and respected but has anyone actually taken it, or know someone who has? Is it worth the money?
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I was in the Live Academy cohort some months ago. Brett is very high calibre and found it extremely valuable (ie worth the money; self-funded). I'd say it is the most valuable with some buyside/ER experience (0,5-
I see you're tagged with HF - were you already at a HF and found it helpful or did you find the course helpful for getting into the HF?
Apologies for some reason wso keeps deleting part of my replies... Yes so am approx 2yrs at a HF, but what Brett continuously says in marketing/twitter is somewhat true. There is very little formal training at almost all funds. Despite experience Academy is very high quality content/frameworks not all PMs might be able to articulate that well (or have/make no time to do so)
(0,5- <2 yrs). with zero experience you might not fully grasp content as it goes pretty deep. With several years experience frameworks/processes might already be engrained in your thinking to some extend. You can DM me with qs
One of my analysts did it and said it was very basic/absolutely not worth it
Maybe if ur completely new to public markets, otherwise don’t waste $
Interesting to hear. Have you gone through the decks yourself at all? Even >10yr buyside guys at my firm found useful bits. Could be wrong here but seems a bit strange that an analyst learned nothing from a multibillion Citadel pod PM who also worked at 4 other top 100 HFs right
Thanks for the datapoint!
Have appreciated your commentary in the past and wanted to ask a question. I did think he provided some nice stuff to help to solidify some concepts and processes, just based on the public stuff he has posted, but I also did wonder what other stuff was in there that might be more valuable. Seems like its good basics, but other than that there is nothing more to it - but is there more to the job that he is not covering?
Also curious if you believe that there is any differentiation between all of the pods in terms of processes and approaches, and what in your mind differentiates the pods / PMs / analysts that end up being more successful or better performing from the rest of the pack. Seems like everyone is playing the same game, just a matter of being on top of the right drivers on your coverage? Consistency? Time efficiency / proper allocation of resources?
Not sure if this comment was aimed at me but will share thoughts. On 1st question (is there more to course than basics/public material); in my view yes. Compare it with reading a 5 page summary of your favorite book. Ofcourse the summary states what the book contains, but learning is (in my view) incomparable. The book will give context/color, examples, devil = details etc. Specific to the course there was also 30mins or more per weekday to ask questions about material (1100 decks right), which were answered from tiger+pod perspective with very specific real encounters/trades/mistakes or other examples. Concluding; the course is what it says; an analyst training for hfs i.e. how can you be the best analyst to your pm. That includes how to develop pattern recog to spot profitable trades and learn to do that in structured/repeatable way. Heard about relatively easy to track patterns/cyclicality/reversions etc that I have never heard about / read in investment books/blogs or in a sellside note ever. These indights also not suitable for twitter right. Difficult to capture >60hrs of material in a series of twitter threads imo
On 2nd question, I do not work for a pod so other might be better suited to answer. Brett did confirm what one reads on this forum; Citadel extremely process-oriented, strict on format/frameworks/risk etc. Approach as in style would be very similar, probably underpinned by how much pms move and split of fundamental/index/event/macro etc etc across them.
On 3rd, again not in good position to answer as jr and not pod. Do know every pod has ‘star’ pms who consistently outperform 90% of other pms even after switchint pods. Could be talent or specific mindset or emotional stability idk
I'm >5 years and L/S at pod and single manager, his public content is very on point, im pretty interested in doing it myself just if nothing more than to get some nice templates and maybe some concepts/angles/processes relevant to sectors I play in less. That said haven't done the course so idk, but his public content is always a great read, even if most of it is known - i would like to formalize parts of my process a bit more and seems it could help that
Would his course be useful for interview prep?
Is it possible to only pay the courses? Not the entire academy.
Would you see it as something possible/correct to ask my PM to pay for it? (Good Return on Investment, show my interest in growing and helping the team, blablabla...)
Or am I totally crazy and selfish to think about this kind of deal?
Thx
That's why Brett offers a "firm pay" option. It was his original vision to go-to-market as B2B2C, and now asych is more of a B2C product.
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