That's exactly what I thought. It makes NO sense - there have been times where we have acted on one of our ideas and the very next day, he asked me the same question next morning. I was pretty shell shocked when that happened.
Don't take it to heart. Him asking that question doesn't mean he's short-term oriented or looking to trade quarters. It's just a way to keep the consistent flow of ideas going. Flip the conversation and talk sh*t about companies you don't like or obvious logic loopholes to change up the pace. I don't think he's asking for new, fully researched, high-conviction, actionable ideas every day and just wants to engage with the analysts more. Have fun with the chat and idea generation, it's often the more interesting part of the job.
It's just chatter and brainstorming. The idea generation process can be as simple as chatting about a stock during lunch or over a beer and doing the math on the back of a napkin. It is preferably done this way because if every idea has to be screened with a formal process, it would take too much time or too complex that it ends up being wrong or a misread.
Lastly, I think the PM is also looking for consistency in your views.
Edit: I want to add that the instinctive response to that question with an easy-to-understand variant view or investment thesis is the gut response that comes from experience and pattern recognition, and with experience is often right. To chat/banter thoughtfully about stocks is not water-cooler talk but just as much real work as reading through 10k's and building out models, except it will take many iterations of the fundamental groundwork to fully benefit from it.
OK. Following up here. It's no longer even daily, he's now just asking me every few hours. I dont know if he's trying to make up for spotty performance or what?
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You sure he ain't just fucking with you to add some pressure?
That's exactly what I thought. It makes NO sense - there have been times where we have acted on one of our ideas and the very next day, he asked me the same question next morning. I was pretty shell shocked when that happened.
It may be a shit test - maybe try to respond "I've been looking at some new shoes/other" & see how he reacts
You better off getting a new job.
So soon? This is my first buy-side gig
Sometimes you wonder how some PMs are PMs
Don't take it to heart. Him asking that question doesn't mean he's short-term oriented or looking to trade quarters. It's just a way to keep the consistent flow of ideas going. Flip the conversation and talk sh*t about companies you don't like or obvious logic loopholes to change up the pace. I don't think he's asking for new, fully researched, high-conviction, actionable ideas every day and just wants to engage with the analysts more. Have fun with the chat and idea generation, it's often the more interesting part of the job.
It's just chatter and brainstorming. The idea generation process can be as simple as chatting about a stock during lunch or over a beer and doing the math on the back of a napkin. It is preferably done this way because if every idea has to be screened with a formal process, it would take too much time or too complex that it ends up being wrong or a misread.
Lastly, I think the PM is also looking for consistency in your views.
Edit: I want to add that the instinctive response to that question with an easy-to-understand variant view or investment thesis is the gut response that comes from experience and pattern recognition, and with experience is often right. To chat/banter thoughtfully about stocks is not water-cooler talk but just as much real work as reading through 10k's and building out models, except it will take many iterations of the fundamental groundwork to fully benefit from it.
OK. Following up here. It's no longer even daily, he's now just asking me every few hours. I dont know if he's trying to make up for spotty performance or what?
Curious. What do you say in response?
If he's for real, then time to find a new job
Ab illum vel eaque autem enim odio dolorem. Dolore nam aut blanditiis vel distinctio aut. Dignissimos et nisi provident voluptas error facilis omnis quia. Enim cumque eos esse doloribus cumque.
Blanditiis ea iure rerum minima ipsa voluptas quia. Ullam illo quaerat quae.
Impedit ea quia quo sit odio. Porro corporis vel sint ea non commodi beatae. Ducimus qui rerum explicabo sed aliquid voluptatem ex id. Ut velit sunt esse voluptas repellendus. Numquam illo dolor omnis eveniet architecto. Ut dolorum aperiam qui sit.
Autem quibusdam et possimus consequatur. Qui quasi adipisci totam quod exercitationem mollitia molestiae.
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