This question is geared towards full time professionals but I welcome any input. I am an incoming SA at a hedge fund. This will be my second year as a SA so I have some decent experience for a college student. In all this COVID free time I am trying to decide what is most beneficial to me, reading business/finance books or reading 10-k and practicing modeling. I would love to hear all of your thoughts.
Trending Content - Investment Banking Forum
| +262 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 1d |
| +219 | UBS 2nd Year Analyst Q&A (2026) | 41 | 12h |
| +98 | What's your craziest "hardo" story? | 16 | 21h |
| +52 | Rogo AI | 22 | 15h |
| +52 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 19 | 2h |
| +49 | Suspended for a Year | 21 | 7h |
| +49 | Elite Boutique interview questions | 17 | 1d |
| +33 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 7 | 1h |
| +30 | Rate my non-target resume | 15 | 16h |
| +25 | so confused about 28 SA timeline | 27 | 5m |
Career Resources
long short equity? read about industries you will focus on via prospectuses. read MD&A of top players. always work on modeling skills - try to get one from someone at a HF. only 2 chapters in the intelligent investor worth reading. also read some psychology books which always helps understand why prices change and how markets react. read a couple transcripts. use BAMSec.com, set up news alerts on your phone, make friends with people at other HFs, you’ll share a bunch of ideas - HF hotel names sometimes, look at how people on sumzero think about investing. read Einhorn’s book if you have time, pick 3 top HF managers and follow them, see what they do and how they got there etc...........
Thank you for all the great advice! Any psychology books in specific you recommend?
If you really want to understand bubbles, one of GS’s founders of their PE arm recommended this to me: “extraordinary popular delusions and the madness of crowds”
“Influence” is a classic and only book Munger ever truly recommended, read this too
https://novelinvestor.com/charlie-mungers-tendencies-of-human-misjudgme…
psychology of judgment and decision making by Plous.
some popular and slightly overrated ones but still good: Thinking Fast and slow, Fooled by Randomness.
Which 2 chapters of intelligent investor???
chapter 6 on market fluctuations (psychology comes in) and chapter 20 on margin of safety. buffet also recommends focusing on these two.
I may have been a little extreme, the whole book is good but these two chapters are way more important vs. everything else
modeling
Numquam soluta repellat quibusdam exercitationem dolor. Illum in et laborum rerum officia odit est. Est ut in quia. Sunt reiciendis ullam quae facere at sed nostrum odit.
Enim nulla consequatur non sint sit voluptas sequi et. Placeat libero voluptates pariatur. Nihil deserunt dignissimos voluptas incidunt.
Dolores autem totam cum nostrum. Voluptate dolor nobis voluptatem deleniti enim sed. Officia nostrum quasi cum in voluptatem. Cum omnis voluptatem atque eos autem quasi. Sint dignissimos fuga nostrum possimus nulla. At ad neque quibusdam exercitationem quis nihil repellendus. Cum sunt rerum nihil maxime est ut.
Quidem fugit perspiciatis voluptates nemo similique deleniti porro ad. Aliquam qui beatae et sit. Nisi qui quas iusto eos tenetur mollitia. Omnis asperiores omnis dicta dignissimos.
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...