I remember you from 5 years ago in L2. Didn’t you ask this same question when you were planning a move to Singapore or something like that ? That was about 3 years ago 
See you in 3 years.
yipikiyay Wrote: ------------------------------------------------------- > in some ways it is harder to make the switch to > buy side the longer one stays on the sell side, > there is a bias on the buyside to working with > ‘moldable’talent, the perception is that the > longer that one works sell-side, the more rigid > and static a person’s investment process is making > that person less attractive to buyside firms > > that said, sell side equity research is a good > place to work for 2-3 years before making the > jump, the original poster’s 5 years may be a turn > off for some organizations based on what I’ve seen > in the past > > in any case, making the jump to buyside is > extremely competitive even for former sell siders, > so good luck original poster i totally agree with this
So what is the absolute maximum that one must work on the sell-side if he harbors ambitions of moving to the buy side eventually ? Also , if sell-side is all crap and adds no value etc. , why do we have the buysiders calling my boss every minute of the day. I am sure that they derive some value by speaking to him. Or are there some buysiders think that sell-side is not that bad.
Man, I want to go into ER… can i email you ? Mine is mark.samson11 [% at }% gmail
I didn’t like ER either even though I was fortunate to start straight on the buy-side I have recently moved to a sales/client service position, enjoy it much more. So it depends on what you want
after 5 years in SS research you should be a fully analyst and you should have a MASSIVE list of industry contact where you can solicit job inquiries based on proven research (assuming you are getting research votes)
yeah, echoing what builders said. there’s a lot more to being a sell-side analyst than writing earnings summaries. this is probably the least important part of the job (and the part you don’t get paid for).
FrankArabia Wrote: ------------------------------------------------------- > I am surprised more people didn’t see this > earlier. I say about 90% of the reports I read are > nonsense and just filler. > > I always think to myself when reading most of this > stuff, “this guy gets paid nicely but this job > must suck having to put together this stuff”. > Amen to that! I find myself feeling bad for the poor guys and gals writing so in depth on each report when all I really want to know can be covered in no more than a few pages. What I wish we could see are more industry reports. Those reports do get read past page one or two and are certainly appreciated. Pimp, you feel obligated to write so in depth? Could you write one or two pages of good stuff and get away with it?
the CS analyst in my sector ( Agri, Foods) “writes” (excluding the financials) only 2 pages as a result update (unlike the 5-6 pagers that come out 7-8 hrs after the earnings call) and is prolly a better analyst than most others.
the size of the report is meaningless. those that publish 30 page reports are !diots who have no relevant value-add. buy-side clients dont have time to read endless dribble on why X company’s margin should be .00005bps higher. they want to know whats gonna move the stock, and why. quick easy dirty analysis. if you cant elevator pitch an earnings release (wthether good or bad and why) you’re irrelevant
I want to be a master at an industry.
the thing is, if someone does it and you don’t, how would you look? its the same thing with writing nice looking reports with beautiful graphs and cool formats. two reports can in substance be the same but if it looks nicer, ppl feel its better. at the end of the day, sell side to me is about reporting everything they can find about a company but it is the buyside’s responsibility to determine what is important.
^^^no sell sides responsibility is to sell inv. banking
FrankArabia Wrote: ------------------------------------------------------- > the thing is, if someone does it and you don’t, > how would you look? > > its the same thing with writing nice looking > reports with beautiful graphs and cool formats. > two reports can in substance be the same but if it > looks nicer, ppl feel its better. > > at the end of the day, sell side to me is about > reporting everything they can find about a company > but it is the buyside’s responsibility to > determine what is important. SS’ responsibility is to report what is relevant to the buyside since they dont have the time to sift through all the BS since they’re playing with real bullets and time is a factor.
Bump. I’ve been doing bottom up fundamental research for the past 9 months and I despise it. Even in the small/mid cap space, there is not that much alpha up for grabs. Anyone else feel likewise? There is this fixation on ER on AF, though I bet a good chunk of it is a follow the leader mentality.
you should write that on the BlackBelt thread to keep it going
QuantJock_MBA Wrote: ------------------------------------------------------- > Bump. > > I’ve been doing bottom up fundamental research for > the past 9 months and I despise it. Even in the > small/mid cap space, there is not that much alpha > up for grabs. > IMO it is because markets have been pretty fairly valued in recent weeks, at least in the small cap sector. I think to generate alpha you’ll need to be continue to be very patient.