The L/S Entry-Level Toolkit
I’m An2 Generalist M&A, and have just decided to pursue the Long/Short path over the PE path.
I’ll be aiming to switch to TMT, fwiw, have 4 Tech deals under my belt.
To all the L/S analysts.
- What is the best piece of advice you could give to someone starting out in the Long/Short world?
- Where the hell do I start… (excluding my own trading, reading tonnes of market news, pitches from VIC, finding good people on X, and sector specifics like stratchery, TMT talks,…ect?
- What resources are an absolute MUST for L/S analysts?
- What technicals do I need to start smashing for L/S? My 3 stat modelling is strong, but what else should I be focusing on?
- What do the best L/S Analysts do that others don’t?
- Always been a maths guy (college), so my econ/markets knowledge is only half decent. How would you advise me to develop a comprehensive understanding of the markets?
- What other tips would you give me?
Appreciate all comments from fresh analysts all the way to the veterans (even if you’re not L/S).
Cheers
Quite a few threads on this already, WSO is also a good resource to learn how different funds operate and how to think about ideas/pitches
I appreciate that and have had more luck by googling them with WSO referenced in the engine search as opposed to the search function on the app. But so many of the best threads get lost because it’s difficult to know exactly what they were called.
If anyone has any legacy posts that are great for starting HF analysts please can you reference/tag in here if it’s easier than answering the aforementioned. Thanks
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Pick 3 or 4 stocks you like or find interesting. Put them on your Google or Yahoo Finance monitor, and follow them regularly. Find out why they move on days when they move big. Are there company-specific news? Was it sector news, or something macro-related? What are the debates affecting the company? Is there a bull and a bear thesis? And so on.
You will learn a lot this way, including that sometimes stocks move for no apparent reason. Or that previously accepted truths are proven wrong. And so forth.
Makes a lot of sense, thank you.
To someone who’s very new to thinking of stocks from a short perspective, are there any good resources to learn different shorting mechanisms & how to develop a solid short thesis?
Look at Brett Caughran, FundamentEdge’s library of X posts. There’s a lot of useful content relating to idea generation, modeling, and recruiting
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