HELP: Tips For Learning Shorter Term (MM Style?) Investing
(Apologies for the odd title, I figured it might help the post gain traction.)
Every investing resource seems to be related to value investing, so how can I learn more about the style I assume is more common at MM funds that typically go something like:
•“market hasn’t realized that company XYZ has too much inventory and will need to heavily discount over the next 6 months”.
•“Company xyz went through period of unusually high growth and the market is pricing in a continuation of this but this will normalize over the next year”
So it’s not exactly betting on the next quarter, but rather betting on a few KPI’s over the next 6 months to year. (Also please ignore that those are both short theses, I am looking for l/s resources, those were just examples that came to mind)
Thanks in advance to everyone who responds!
Also I know there was a post about this a while ago but the main response ended being deleted
Brett caughran on Twitter and rich falk Wallace (I think that’s his name?) are both pretty good.
I want to add that value investing and the pointers you mentioned aren't rlly as different as you might expect. Value investors need serious catalysts for their theses and they need a differentiated view that the market hasn't priced in too - if they don't then they're just buying a fairly priced stock. What rlly differs from MM is looking for other important qualitative characteristics (for example, Phil Fisher's 'scuttlebutt') and the time horizon obviously, but research (notably by the AQR researchers) shows that those 'value investing traits' correlate with other known factors in the models too and can thus be systematized by quants (value investors will lose their shit when people say this)
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