I've been at a fund for 2 months and hate it. please advise
so i recently took a job at a very well known l/s value hf as a junior analyst. the fund is long-term focused but BC of the pm i work under i find myself blowing through ideas so fast without doing any deep analysis on them. in 2 months ive already screened 14 ideas...aka almost 2 per week. and by screen i mean read up on it for a day, put togerther quick analysis of potential outcomes (without really understanding how likely those outcomes are). My hours are awful and stressful as a result (~90/week: NOT EXAGGERATING)...i ddint think a long-term focus fund would be like this. Can someone in the industry please help or PM me with advice
... not all ideas are worth a deep dive. Screening companies is part of the process before you decide to commit substantial time to DD. Can't speak much to the hour issue, except to say my friends who started at funds after banking said the drop in hours wasn't quite as significant ad they expected, but I is getting better with tenure.
i dont think one day is enough to properly screen a company given my lack of experience doing it. for a seasoned analysts maybe...but not me
Not much to contribute, but I love the work-inspired nickname. I also would find it odd to go through an idea in one day - unless you are going for some specific checklist of qualities - then even 5 minutes could be sufficient (e.g. significant FCF generative? No. Next).
Sounds tough, but I would suggest you just hang in there and get used to screening those ideas faster or maybe talking to the PM and finding out what he looks for so you can cut down on the hours. Also, if you've only been around 2 months, you haven't caught on to the learning curve yet. If you still don't like it after about 9 months, start moving so you can leave around the one year mark.
dude this is the hedge fund industry, 80% of the outcome is luck, 80% of the people are just addicted to seeing prices move on bloomberg, 95% have no fucking idea what they are investing in. It's laughable that a banker becomes an investor by reading a 10k and some earnings calls and doing some expert calls during a span of 5 days. If you wanna learn how to invest and how businesses are run go work for someone like Malone, not at a "value" hedge fund.
Id expedita similique ut corporis eos saepe illum aut. Quos ut dolorum exercitationem sit est. Et dolores sed numquam nihil omnis veniam minus.
Qui et consequatur qui ea voluptatem enim cumque. Magnam at nihil voluptatem vitae repellendus veniam.
Totam sunt est ut ut facere veniam praesentium. Laboriosam quam rem nobis et harum aperiam. Rem odit suscipit veniam et nihil in ipsum occaecati. Iste eaque eveniet nemo ab explicabo quidem porro delectus.
Quod enim non odio officia at aut aliquid. Atque dolorem repudiandae esse ab aut dicta accusantium. Laboriosam magni incidunt quia sit suscipit tempora. Dolore molestiae animi saepe magni consequuntur odio qui. Repudiandae ad a culpa aut quia. Saepe mollitia qui ducimus corporis facere. Dolorum unde dolorum et amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Voluptatem occaecati occaecati similique cupiditate ducimus. Voluptatem est magnam repellat expedita. Explicabo minus sequi ea voluptatem iure sunt. Autem sit ipsa neque. Iste magnam ex perspiciatis quia doloremque ipsa. Et perspiciatis cumque et sit molestias rerum harum quaerat. Aut et alias perferendis soluta minima.
Ut facere at similique animi. Autem possimus excepturi aspernatur amet perspiciatis voluptas quia eum.