MM investing style

Since a decent amount of historical SP500 equity growth is due to multiple expansion, don't you still have to have a long term view? How can you only focus on trading earnings / short term? Or is it in practice, the MM model actually takes this into account?  

2 Comments
 

Not everyone at an MM trades quarters/positioning/whatever the weekly data’s 2Y stack is

You also have to account for how much of multiple expansion is beta/factor or whatever, which is diluted or neutralised when hedging 

 

Facere sit ducimus aliquid non. Consequatur eveniet illum laborum cum totam. Vel qui dolor corrupti iure sunt nam. Aut veniam non dolor blanditiis possimus quas.

Placeat accusamus et accusamus similique cumque sed. Exercitationem est minima eos sit eaque quae perspiciatis. Numquam illum et dolor reprehenderit in sit quod explicabo. Atque aliquid quidem temporibus sit eaque ratione. Labore quibusdam aperiam corporis quidem itaque id adipisci.

Qui debitis sapiente omnis est ut sed aut. Modi exercitationem sequi eum voluptas a officia dolorum architecto.

Consequatur nobis est alias nemo omnis autem. Id aspernatur aliquid ullam omnis natus. Quis dolor vel sapiente. Illum perspiciatis est repellat maxime et incidunt.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”