Five Tells of an Amateur Investor Faking It
These 5 tells are clear signs you’re talking to a novice and not a professional investor—they’re also mistakes that will get you laughed out of a job interview at pretty much all the hedge funds.
The Tragedy of the iBuyers
Insider trading is considered one of the worst sins in finance—yet it doesn’t always work. In fact, sometimes you can have the most insider information imaginable and still lose money. That’s what these companies did—for years.
Losing Billions from Dumb Mistakes: The GIGO Problem
GIGO is an old programmer’s principle that applies just as much to financial forecasting as to code, but it isn’t something often discussed. What is this idea and why should bankers care?
The Brutal Grunt Work of First Year Investment Bankers
Congratulations! You’ve become an investment banker! And it’s great that you’re not scared of 120 hour workweeks. But those 120 hour weeks won’t be spent building models and doing finance stuff. Here’s what your job will really look like
The Biggest Investing Mistake Pros Never Make
Of the many, many mistakes retail investors habitually make, there is one that is so simple and easy to fix that it’s amazing that the error is still so common. This is especially surprising, since it’s an error the pros never make.
Stock Picking and Portfolio Construction: Friends and Enemies
Why are portfolio managers paid so much more than analysts, and how are their jobs different? In reality, not only do PMs and the analysts who work for them have very different responsibilities, but the tools and goals of both aren’t just different—they’re sometimes at odds with one another.