Is there a way to keep a record of your performance, when your PM doesn't always listen?

I am just wondering if there is something analysts in the industry do to keep a track of their recommendations (Buy or Sell)? My PM doesn't always listen and I wanted to see if there is an acceptable way to keep my track record, which I can use for career opportunities down the line

Comments (6)

8d
WSO Monkey Bot, what's your opinion? Comment below:

Hi Works at RBC Royal Bank of Canada, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)

More suggestions...

I hope those threads give you a bit more insight.

3d
AFoldingChair, what's your opinion? Comment below:

What's the main purpose of keeping track to you?

Is it to show your boss "look at all the profit you missed out on here, you shoulda listened to me"?

Or is it to show a potential future employer how good you are?

Either way, I'd argue it's useless without some real skin in the game. Past returns =/= future results. It's on you to convince your boss to execute a trade no matter what shop you're at.

At my work I keep all my rejected pitches stored in the event that someone asks for a past pitch. But half the job is selling the idea to someone else and coherently presenting your thesis beyond "trust me bro".

In the event you're ever managing your own book you'll have to sell ideas to LP's, best to get good at it now.

  • Works at RBC Royal Bank of Canada
3d
AFoldingChair

What's the main purpose of keeping track to you?

Is it to show your boss "look at all the profit you missed out on here, you shoulda listened to me"?

Or is it to show a potential future employer how good you are?

Either way, I'd argue it's useless without some real skin in the game. Past returns =/= future results. It's on you to convince your boss to execute a trade no matter what shop you're at.

At my work I keep all my rejected pitches stored in the event that someone asks for a past pitch. But half the job is selling the idea to someone else and coherently presenting your thesis beyond "trust me bro".

In the event you're ever managing your own book you'll have to sell ideas to LP's, best to get good at it now.

I was thinking for potential career opportunities down the line. Without any kind of track record, how could I really differentiate myself from all the other analysts on the Street?

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3d
AFoldingChair, what's your opinion? Comment below:

Unless you're managing a half-decent sized book yourself your prior returns are mostly irrelevant.

My investment "fun" account is up 1000%+ over the last 3 years. But on an initial $2000 investment, no LP's on my butt about volatility and large drawdowns, taking large speculative bets, who cares?

A manager might as well hire whoever had the highest returns on r/wsb and give them a seat if all that matters is prior returns, risk adjusted or not.

What matters is the quality of your research and your ability to convince your boss to buy it. You differentiate yourself through the quality of your research from others.

Burry didn't get handed money because he had prior solid returns (yes those helped). But he got given money because his write-ups were solid and the thesis played out accordingly.

I empathize with you, I've been in the same spot as you and have had stocks run up while my boss wasn't convinced by my narrative. But I can only control my own decisions and it's on me to be better at communicating my ideas.

If it's 100% not you and your boss has a stick up his butt no matter what you say then it may be time to find a different shop where you see more eye to eye with the PM. But if it's you then the problem will persist.

1m
HFANALYST84, what's your opinion? Comment below:

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