A Physician With Good Returns. Can I Get Hired?

DorianMD's picture
Rank: Senior Chimp | banana points 17

Hello everyone. I am currently a resident physician that intends to finish residency training for personal reasons. However, I do not foresee myself practicing clinical medicine in the long run if I can help it. I enjoy talking to most patients and enjoy seeing them get better with my plans but practicing medicine in America has many layers of bureaucracy that makes it very unsatisfying. I do not see this aspect of medicine getting better in the future.

I got introduced to finance by a family member before medical school. I kept an open mind and started investing with fake money a few years ago. I made a few correct calls and told my family member about it after I saw some success. He asked for ideas last year and we were able to beat the market. I finally got the courage to start investing my own money this year. It is not a lot of money but it is a significant amount on a resident's salary. My portfolio has gained 65% since the beginning of the summer when I actually started implementing some of my ideas. It could actually be higher because I do not use all the funds in my portfolio and I use the profits from my investments for other investments. I can post proof by the year's end as I still have a few ideas that I want to implement. I am well aware that this may be a fluke and that there is a good chance that I may not be able to sustain this growth the next few years. However, I have come up with a system that works well for me. Even if I end up being wrong, my loss is minimal compared to my gains.

I should say though that I put the majority of my efforts on pharmaceutical companies as I feel that is where I can put my medical knowledge to use. I focus on the scientific validity as well as the clinical practicality of a company's pipeline. In addition, I am currently trying to learn as much as I can about fundamentals and technicals. I know there is a large knowledge gap that I still need to learn. I should say though that it is not enough for a particular pipeline to have good data for me to invest in it. There are other things that I take into consideration with my clinical experience which may be why I am able to get good returns. I sometimes wonder why so many people invest in a particular pharmaceutical company when I would never touch it.

I intend to invest with my personal portfolio until I finish residency and will continue to do so as an attending if I cannot get out of medicine. If I can sustain decent returns, do you think any hedge funds will take my application seriously? I do not have any formal training in finance or business. Most of it is self taught by reading or asking questions. Will I have to start as some analyst or get another degree in business or finance? I prefer not to do that because I have a significant student debt burden from medical school. I want to work for a hedge fund because I find myself going home everyday after clinic or the wards looking at stocks and investment ideas. Actually, I spend time while working looking at it as well. I enjoy doing it and will probably do it over medicine even if it pays a little less. Is it necessary for me to post my ideas on something like SeekingAlpha? I am not a troll and can post proof of my purchases at year's end.

Thanks everyone.

Comments (13)

Sep 22, 2016

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Sep 22, 2016

Thank you for your reply, mdequity. Do you have any tips in applying for these positions? I can direct message you if you prefer.

Sep 22, 2016

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Sep 22, 2016

Michael Burry?

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Sep 22, 2016

Can't be him purely for the fact that "I enjoy talking to most patients". The guy was socially awkward and hated interaction with people so that does it for me

RIP LEHMAN
RIP MONACOMONKEY
RIP THEACCOUNTING MAJOR

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Sep 22, 2016

He is probably much smarter than I am.

Sep 23, 2016

You got that right.

Sep 22, 2016

Did you do your haircut yourself?

RIP LEHMAN
RIP MONACOMONKEY
RIP THEACCOUNTING MAJOR

Sep 23, 2016

You could probably work your way into a life sciences or healthcare equity research role with a lot of hustle. Start taking modeling courses, start looking at companies and developing thesis's about them, read some research reports and see if research interests you. If you can get solid model skills and develop intelligent investment thesis's with some networking and luck you might be able to get into a Life sciences, or healthcare coverage research associate role. Had a buddy doing pharmaceutical sales for a few years who was able to get a job at a boutique after he passed CFA level 1 and learned modeling skills. It's a long shot but seems like one option to consider.

"Every dog has it's day."
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