/biz/ - Business & Finance

>>30239894
Bond etfs will be down because bond prices are down. Bond yields are inverse to bond prices. People are selling bonds right now, not buying them - that is why the yield is going up. The narrative they are trying to push on us doesn't add up.

>>30165966
>Still fuckingggggg such shitty timing with all of us soxl anon. Seriously.
I hear ya

>>25335045
I think breaking into the industry is hard for a lot of people, I basically just got lucky with accidentally meeting the guy that later became my boss at the single manager fund. I've only been in the industry for six years, and I've only worked at two funds, so take all of this with a big grain of salt.

For what I do, which is 80% value-based equities research and 20% alternative strategies, an ability to conduct excellent research on ideas relatively fast is probably the main thing. This is something you can get practice with now very easily - just start reading the 10-K's of any stock you're interested in and take notes as you do.

I'd also say that you need to be diligent-enough, or "autistic" in the lingo of /biz/, to be able to nit pick every little thing in an idea. Some would probably call this "creativity" but I think it's more appropriate to call it paranoia. I once looked at a company whose management were touting that a new facility was going to be finished sooner than they anticipated, but their tone on the earnings call saying this sounded like they were up to shenanigans so I got satellite imagery of the site and read up on basic construction site management one night. Came to the conclusion that the facility was not going to be finished early and may actually be delayed, which would cause a price decline to a level that was more attractive. Another time I was researching a tech company whose 10-K was basically a buzz word bonanza that never really explained what the fuck they do. They had a fancy term to describe their business that was basically meant to obfuscate the fact that they were full of shit, so I went to the wikipedia page for that term and sure enough the IP address where most of the edits were coming from was right by their HQ.

Other things:
>Be good at math
>Having some basic programming competency will save a ton of time in your workflow
>STRONG communication skills

you will make it.