Showing results:
Displaying 1 - 50 of 100
Do value funds tend to underpay analysts compared to growth funds?
So, one of my close friends works for a value fund, and it's been fascinating to see the different dynamics between the value and growth worlds. As you may know, value investors are all about paying less than what a stock is worth today, regardless of how much the business is likely to grow in the...
portfolio management and investment decision [survey]
Our aim is to build an enhanced portfolio analysis and Management system for financial institutions and retail investors through a more comprehensive, relevant recommendations much more structured, streamlined and actionable ( multi-faceted data analysis, rich visualization, etc. ) insights with a...
Q&A: Founder/Tech Exec, Former Hedge Fund Research Director, SEAL Team Intelligence Officer, Consultant
Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference. Robert Frost Title summarizes the road I’ve traveled… consultant → intelligence community/SEAL Teams/Special Operations → director of research at a well known hedge fund → tech...
Dogecoin ($DOGE) - Is it making anyone else sick?
So I'm sure everyone is aware of the huge surge in the price of Dogecoin in the last 3-4 months. It fucking kills me that there are actually morons with no investing or finance experience getting rich off of this intrinsically worthless joke-coin (https://twitter.com/prothedoge?lang=en) AND then go...
Starting a Investment Club
Hello, fellow primates. This is my first post here after months of just reading. We are a group of three friends from the same university. We have studied and developed some theses and investment models together. We found out that in Brazil, the country we are from (but we are currently studying in...
Do I just agree with my PM or push back?
I only started my first buy-side job in January and I am very new to my current firm. My PM (very senior, smart guy) seems to think that value will outperform this year because of the reopening trade whereas I believe that you will see growth outperform (especially in the 2H) because consensus is...
Seeking Career Advice regarding: Investment/Asset Management, Private Equity, Investment Banking
Hello, to start with I'd like to thank anyone learning my situation, taking it seriously and and providing me with advice. I am very grateful for your time. Also, please be aware I am inexperienced within this sector and so parts of this post may seem unstructured (rambling). This is aimed at people...
Advice for a non-traditional / career-changer
Hi, I graduated from UCLA four years ago in Art History with a ~ 2.8 cumulative. The only related course I took in undergrad was at a CC prior to transferring (Stats for Behavioral Science - Grade A). Since graduating I've worked part-time as a freelance copywriter for tech companies such as...
Value Investing Club
I'm a freshman undergrad applying to a value investing club in my school. They require me to write up a one-page stock pitch. I have no prior experience and am completely lost. They are aware that we are freshmen and don't have much experience so I honestly have no idea why they are making us do...
Generalist or Specialist out of undergrad?
Coming out of undergrad and going to a large-but-not-mega LO value investing fund ($100-$300 b), does anyone have any thoughts on whether it would be better to go to a fund where you’re a generalist vs a sector specialist? I’m interested in investing for a career, but I think I might want to...
Who typically does worse in a recession? A company like Tesla or its suppliers
Hi all. Had an interesting question today and couldn't really find much data on this, so maybe someone knows right off the bat. Let's consider a company like TSLA, although not exactly Tesla as its valuation is not exactly fundamentally driven (IMHO). My logic says that electric cars (and car...
Target Schools for LO AM/HF?
Senior in high school going to a non-target Big 10 school this fall. My biggest interest in finance is the public markets, specifically value investing and I want to work at some kind of Hedge Fund or Mutual Fund with a focus on value investing out of undergrad. I just wanted to know what are the...
Value Buy-out vs Growth Buy-out Discussion from Associate Perspective
With PE on-cycle coming up I thought it'd be a good time to have a discussion on the Pros and Cons of Growth Buy-out vs. Value Buy-out Private Equity from an Associate perspective. I'm trying to hear some people's perspectives on which style of Buy-out firm they'd prefer to work for. I'm...
Exiting IB into Value Investing
How hard is it to break into value investing from IB? I'm interested in both larger LO value shops (Dodge & Cox, Harris Associates) as well as LO or L/S hedge funds. Is this the normal path, or are there other more relevant paths (entering from ER , straight out of undergrad, etc). Thank you.
Delete
Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete
Question about raising funds
I’ve got a question - and it may sound stupid to many of you here. How is it that you find money managers, who claim to focus on value investment principles learned from Warren Buffet or Charlie Munger, raising decent amount of capital - when these investors can just as easily invest in...
Breaking into buy-side equity research - my experience
This will be my very first post to this forum, which is admittedly dedicated more to banking and private equity rather than investment research. Given the dearth of content on buy-side equity research (understandable given the small size/low turnover of the industry), I have decided to share my...
Value Investing Club – Membership Offering
Are you an active value-oriented investor looking to join a group of like-minded individuals building an investment track record? This may be the right place for you. We are a small group of young investment professionals that consider launching a value investing fund in the short to medium term. To...
How does one network with pedigreed people while lacking pedigree themselves?
I'm curious as to how a finance student (junior) would go about this. To illustrate, I have a low cGPA (3.1), lacking relevant internships, and come from a semi-target with some alumni in the buy-side (with a focus on equity strategies). From what I can tell, however, these alumni generally have...
List of value based/high concentration Hedge Funds in Bos/NYC/CHI/SF?
Was curious to figure out what equity long/short hedge funds are value based with relatively high concentration positions in Boston, New York, Chicago, and San Fran? Also, was wondering what recruiting agencies/headhunters have ties to those specific firms?
Managing AUM less then 100M
Chaplin Capital’s investment strategy is event-driven and value-oriented, specializing in the identification and analysis of securities likely to experience a change in value resulting from market catalysts. The firm’s investment activities may be classified under three strategies: • Merger...
Have you ever changed your strategy in the HF industry? Need help pls
Ladies, gents, Been with a large HF for 3 years, but strategy is trading heavy and not necessarily based on fundamentals. I want to do a value-based strategy instead. Point is how to get there. Either I educate myself or I thought of even doing an MBA a la CBS (value investing programme in 2nd...
Global deep value funds
Hi I am returning to the US after several years of working in China. Am looking for global deep value funds that would allocate to Asia, something along the lines of Brandes or Third Avenue, but smaller and more flexible. Would appreciate it if anyone here could recommend some funds to look into....
Value Investors wanted (in Paris)
Value Investing Club – membership offering You want to become a value investor and would like to join a group of like-minded individuals? This may be the right place for you. We are 3 young professionals willing to enhance our investing skills in a group setting. We thought the best way to do this...
MBB (incl. PE advisory) or Lower MM PE?
Hi Monkeys, Around 10th of February I expect to receive offers from both MBB consulting (will include PE advisory assignments) and a Lower MM PE
Value investor insight subscription
Anyone subscribe/have an opinion? I did the free trial and thought it was ok, but it seems like it might be a little over priced.
Dejected, Rejected from Dream Job.
Hey guys, I'm pretty down right now. Yesterday I received an email that I was not being presented an offer for my dream job as a buy-side equity analyst at a value investing shop. I'm not really sure what I'm hoping to get out this thread other than a place to vent, and maybe some advice on what to...
Hedge Fund Job Advice
I recently had an interview with a long/short deep value fund. The team is fairly small (think
CFA in the value investment space
Working on the buy-side in equities and striving towards a LT, value-focused investment approach. Investing and the long way to becoming an investor consists of various skills. I want to take my analytical knowledge further, in particular my accounting and "reading annual reports" skillset. Do have...
How to spot undervalued stocks beyond a low P/E ratio?
Hi all. I am currently busy with my MBA thesis on undervalued stocks. My question is what are best sources of information used in evaluating undervalued companies as a value investor? Any suggestions?
You're given $100,000 to invest in 1 sector/asset class as of September 2015. How would you invest?
I was asked this question in an interview, curious to see how some of you monkeys would tackle the Q...?
Is Volkswagen a good value buy?
Volkswagen (VOW) is now trading at $118, down 53% from it's 52-week high of $254, with a P/E ratio of 5.5. The penalty from the emissions scandal could be as high as $18B, but I expect a company such as Volkswagen, which does in excess of $200B per year in sales, will eventually recover and bounce...
A Case in Risk Management: the downfall of Mohnish Pabrai?
Bill Ackman & Sequoia are not the only successful investors who are being caught with their pants down. If you haven’t heard of mohnish pabrai, you should look him up. He’s a fantastic value investor who (I think through 2014) had outperformed the S&P handily, with a >510% cumulative return...
Beyond value traps: The value graveyard
He couldn't stop talking about the great deal he got on his boat. My friend purchased his boat over the internet from what he considered a sap Florida. The boat was supposedly in mint condition, everything was like new, it ran well. We looked at the same batch of pictures over and over as we...
Neglected or distressed?
There is a common perception about value investing that it involves purchasing shares of companies on the brink of financial ruin with the hope they turn around. Viewed through this lens value investing is risky and the value investor one step away from experiencing individual ruin as their...
Ivey Value Investing Program - A Substitute for Columbia?
Sorry for the length…. I am wondering if anyone out there can shed some light on this/ open a conversation on the topic. For those who are interested in a value investing career, there seem to be two good options. First and most famously there is the Value Investing Program at Columbia. Obviously,...
What does it take to be a competent investment analyst?
A competent analyst is one who has an above-average ability to generate satisfactory investment returns (well know examples will include Ben Graham, Walter Schloss, Warren Buffett etc.). While I am too young into the industry to be passing pronouncements on ‘what it takes to be a competent...
Interview questions for a fundamental/value investing shop?
Currently a sophomore looking to get a gig in AM this summer, was wondering if anyone can provide tips on how to best prepare myself for an interview in this space. More specifically, what interview questions should I really knock out of the park that are common among AM interviews? EDIT: Can a mod...
WSO Weekly Wrap-Up (3/14-3/20)
In case you missed them, here's some of last week's most popular topics: My Private Equity Recruiting Process Post By @Candor
Fiat Chrysler Auto & Ferrari Demerger/IPO = Opporunities
FCAU has recently had run up in share price due to the fact that shareholders will gain 1 share of Ferrari once the demerger and IPO are complete. Given the estimated valuation of Ferrari being from $5 - $10 billion, essentially half the market cap of FCAU, wouldn't this be a good value play? It...
What makes a good investment thesis?
Is a "strong balance sheet " and "great management" an investment thesis? I understand how these could be leverage points for it being a good company, but if you were to pitch a value investing pitch, would you include these under internal analysis or as an investment thesis? If not, what should I...
HOW DO I DO CHANNEL CHECKS??
I'm a senior in college who has been managing a small PA for the past couple years. I adhere to a deep value/special situations strategy. While I'm not a big fan of getting on the phone and speaking with people I don't know, I always make it part of my due-diligence process to speak with management...
3 Reasons You Should Buy Financials In The Second Half Of 2015
In a year where a great amount of value has been lost in investments such as Energy, Basic Materials, and Utilities; value can be found in those that benefit from the inevitable Fed actions taking place later this year. The Financials sector has grown a mere 1.6% despite a rather bullish outlook for...
Warren Buffett Letter Summaries
Hi everyone, I recently began reading the Buffett letters upon recommendation from a friend. They provide, with competition only from Intelligent Investor , the most clear, humorous, and useful investing advice I've ever seen. There is a reason they are classic. However, they are reasonably long and...
Undergrad Investor
Hi everyone, I am a senior in college and have been investing my personal account for the past 1 1/2 years with some success. I was wondering if anyone else here on WSO invests and is interested in forming some sort of micro-cap investment group to share ideas. I ONLY focus my attention on small...
Value investing myths
If something is repeated often enough people will eventually start to believe it. Buffett always buys "good" companies, and Graham bought companies on the verge of bankruptcy. Investors who buy into good companies doen't need to worry about the price they pay. Whereas Graham investors need to be...
Small Value-Based Hedge Funds in NYC
Does anybody know some some successful, relatively small ($2bn AUM or lower) hedge funds based out of NYC? Thanks!
MBB vs Fundamental Investing Asset Manager: Learning, Pitfalls and Exit Ops
How do you view an MBB analyst program vs an investment analyst at an asset manager for a Pre-MBA candidate? Specifically, experience at a value investing shop managing close to $3Bn vs a vanilla MBB analyst gig. On the face of it, MBB has the edge with brand and exit ops, while the AM offers a...
The Biggest Threat to Your Portfolio Today
Greece, China, Russia. ISIS. Cyber security. North Korea. Oil Prices. Stock market valuations. The Fed’s interest rate policy. Open any newspaper and it’s hard to choose which headline will be the first to knock stocks back into the red and blow up your portfolio along the way. What is the...
Dirk Wrüger
I'm a crusader of individual liberty, a passionate value investor and a defender of Benjamin Graham Ideology.
or Want to Sign up with your social account?