Do new analysts get poor coverage at SMs?
People talk about great SM shops like Tiger Global or whatever but surely these places have analysts covering all the interesting and good names already no? What's the lure to join if you only get to cover the remaining scrappy companies (most likely names that the other analysts that have been there before you have passed). Don't know the culture but I assume analysts will likely be very territorial about the good names so that doesn't help either. Or is the passive learning and comp good enough such that it becomes better to just wait it out until people leave so you can pick up that coverage? Curious to hear any thoughts