Is it a bad look to read when I have nothing going on
Currently an intern working live in office. My supervisor gave me some industry focused books to read, but is it a bad look to read these books in office when I have absolutely nothing going on?
Perception is key. If you're kicked back, feet up, cruising through pages... probably not great. But pull out a notepad, throw on some fake glasses, and at least make it look like "research."
Also, probably stop off at your bosses' desks beforehand to make sure there aren't any lingering tasks. "Nothing to do? Well, why didn't you say so??" Doesn't bode well when doing YE Reviews.
Feeling extra-ambitious? Submit your interesting findings to the person(s) that gave you the books.
Do not read the books at work at as intern. If you have nothing to do, ask for something to do, or otherwise make yourself useful.
I would read those books out of the office. If you really don't have much to do and want to read, try finding some books online. There was a google drive link floating around WSO at some point with 20+ finance related book PDFs. At least this way it looks like research as opposed to having a hard copy book out
Got that link? Need sauce
Link?
Look up Libgen
Unfortunately I am having a tough time finding the old post im referencing. It was from a couple years back and had a dropbox link to a ton of personal investing and institutional finance books which was an absolute gold mine. If anyone here knows what I'm talking about and can find it, please post!
I was able to find a few posts where there are links to free downloads. I'm at the office and our browser blocks a lot so I can't tell if they all still work, but give them a shot. If its a WSO link, go to the link and find whatever google drive or drop box link is in there:
https://www.wallstreetoasis.com/forums/best-books-playbooks-on-pe-due-d…
^Google drive with a bunch of books on PE
http://fin.shufe.edu.cn/finance/citibank/%E9%87%91%E8%9E%8D%E5%B7%A5%E7…
^Margin of Safety PDF download. If this doesn't work, just google margin of safety PDF and you should be able to find one
https://www.wallstreetoasis.com/forums/help-deciding-between-real-estat…
http://www.creentrepreneur.com/wp-content/uploads/2017/04/Real-Estate-F…
I think best things to do as an intern when you have free time is go through past models and get yourself more familiar with Argus.
What were the book recs?
You can always find something to do! As discussed, read past deal briefs, offering memorandums or asset management reports (compare that shit to the broker OM and ask team members why they changed logic)....follow up and ask questions and rebuild old models or add to the company's existing models to show that you are IN IT TO WIN IT!
Worst case, be the guy calling comps to check that market assumptions you are using are correct or help write a market report, deal brief or something else. I am sure you know someone else who is a current intern, ask them what they are doing unless your daddy got you the damn job you don't deserve!!!
Learn the company's model inside out.
This might sound silly but be the guy that aggregates the top stories national or locally in your market impacting the asset class your firm is focused on. You will learn more about the industry and players that shape the sky line especially in the depressed environment. I am 100% sure you can help with asset management right now... too much shit going even for guys doing industrial or some sexy asset class that's doing relatively fine right now.
Bisnow, some of the brokerage shops, etc are having free webinars... listen to those and share calendar invite to colleagues to listen in.
If you are working remote, set up one on one chat with every MOFO in your office to learn about what has helped them succeed and show your passion for real estate.
There is a lot of stuff that can be done!!! Don't fook it up son!
If you are reading for like 20 minutes as a break from zoom calls or whatever, not terrible idea. But if you really have substantial 'free time', I would come up with project you can do more or less on your own that adds real value to your firm.
Be sure to propose it and get some blessing from your boss before starting. That is how you 'show initiative' and go 'above and beyond'. The kind of things you want to be known for that lead to promotions, raises, and better assignments.
If you are spending hours on this, I would find better uses of time for sure.
For example?
Research project (for a white paper or internal memo) Database of prospective/interesting deals or whatever is relevant Model a "pet project" your MD has thought about, but little time behind
Really, the idea is to find something that your team/boss would value, but just doesn't the time to do because of being 'busy'. Like an investment idea, thesis, or something to take advantage of the current market opportunities.
If an intern came to me asking for something like this, they would be made busy pretty fast.
Learn Tableau
Is learning Tableau applicable to only people in the research world? I’m aware of the software but not the specific department uses.
I used to make comp maps with MapPoint; however, that software was discontinued a long time ago. So I’ve used BatchGeo a couple times, but it’s too basic for me sometimes. Tableau was the only software I found useful to create comp maps with census data “heat” mapping. That was my intro.
Digging deeper, the large data sets are more useful for researchers or folks that deal with lots of data like sales; or home sales. I think it’s useful for portfolio analysis. Still the presentation and trend spotting is useful and I have my analyst learning it.
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