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jerryking : quora   11

How do hedge funds learn new industries quickly? - Quora
Quickly' is very subjective and remember funds(hedge,mutual,pension,etc) do not need to know everything about a industry only to understand the drivers of what moves the stock. That is a massive difference between how a student approaches learning and a analyst, analysts aren't trying to know everything only what can make them money.

Exceptional People
They are used to covering certain sectors some may come from the sell side and covered maybe 15-30 stocks or the buy side and covered 40-60 stocks. Regardless of where they came from they are used to tracking and getting alot of information very efficiently. They are also willing to put in long hours and read/study anything that is needed. After a while(if they don't burn out) they become masters are managing huge information bandwidth.

For accounting and raw data there are plenty of tools. Bloomberg is quite widely used and with a few commands/clicks you can have a excel sheet with all the data you can want about a companies financials.

Sell side
If you have a large enough fund and relationships on the sell side then they'll do all they can to get you up to speed very quickly. The sell side will have a team of analysts covering a industry/sector your intrested in and if your a good client then they'll spend time and teach you want you want to know.

Reduce noise/Very focused:
Great analysts are masters are reducing the amount of noise that comes there way. They filter emails and calls like crazy so there are less distractions. If your ideas don't make them money they will ignore you(regardless of how smart you are). If they are really good they won't even open your emails if you have not proven you add value to them.
hedge_funds  ideas  discernment  filtering  learning_curves  noise  signals  Quora  new_industries  sell_side 
november 2018 by jerryking
Mark Toole's answer to What can you teach me that can be useful in my life? - Quora
If there is something that you want, something that would improve your life, find a way to take positive action towards it. Maybe it isn’t your job. Maybe you can get away with not doing it. Take action anyways. Turn on the light.

Ask forgiveness, not permission:
If the likelihood of harming yourself or someone else is low, do what needs to be done and deal with any problems if they come up. So many people are paralyzed by this, so developing this habit alone will change your life.

Help people, expect nothing:
Be the person who makes things better for other people. Leave things better than you found them. Wipe off the counter when someone else leaves a mess.... Most people will never notice or appreciate it. Some people will. These are the only people who matter.

Keep learning, keep asking questions:
If you want to know something, try to find out the answer. Ask people. When you think you know something, answer other people’s questions about it. Teaching or explaining something expands your own knowledge on the subject. Read a lot on a variety of subjects, fiction and nonfiction. Take online courses.... Ask thought provoking questions. Constantly improve. Maintain your curiosity.
life-changing  life_skills  Quora  curiosity  questions  serving_others  life_long_learning  individual_initiative  foregiveness  permissions 
september 2015 by jerryking
How can I make $XX,000/month for next 6 months?
A) Goal
B) The Plan
1. Find something you are good at doing,
2. Find a group of people who are having a problem
3. You create a a product that solves a problem that they are having.
4. Create a Sales Letter
5. Test The Marketing
C) The Timeline
D) The Payment Processing
Quora  howto  problems  validation  wealth_creation  JCK  problem_solving 
october 2014 by jerryking
Go to bed earlier
Adults optimally need 7 to 9 hours of sleep a night. Most of us are lucky if we get the low end of that range. Proper amounts of sleep help reduce stress, helps keep your heart healthy, reduces inflammation, makes you more alert during the day, bolsters your memory, helps you lose weight, and reduces your risk for depression. You will feel better, think better, and look better with a good night’s sleep.
sleep  mens'_health  Quora 
june 2014 by jerryking
Productivity: As a startup CEO, what is your favorite productivity hack? - Quora
April 29, 2014 | Quora | Paul A. Klipp, agile and lean software development specialist
Quora  productivity  hacks  start_ups  CEOs  GTD 
may 2014 by jerryking
What kind of jobs do the software engineers who earn $500k per year do? - Quora
If you're a worker in a village who supplies said village with water, you are valuable to its people. There are two types of workers:

Type 1 worker: Grabs an empty bucket or two, goes to the sweet water lake, fills them up, comes back and makes twenty people happy. He gets to drink some of that water along the way, and once he gets back, takes some of the water home.

Type 2 worker: Disregards how much of a "fair share" of water he's getting. Instead of grabbing a bucket, grabs a shovel and a little cup, and disappears for a while. He's digging a stream from the lake towards the village. Often he disappoints people for having returned from weeks of work with an empty cup. But the elders in the village for some reason believe in him and want to keep him (and throw him a bone so that he doesn't starve for a little while). Some day, suddenly he shows up with a constantly flowing stream of water behind his back. He puts the Type 1 workers out of water delivery business. They'll have to go find a different activity and "team" to work with. Type 2 worker, depending on how much control they retained on that stream, get to own a good chunk of it. Because the village wants to acquire and integrate that stream, they compensate the ownership of Type 2 worker in that stream with on par ownership in the village itself, typically land or such.

News media observes the Type 2 worker and his unwillingness to part with his accumulated wealth in return for his added value for the village (often vesting on a schedule, also known as golden handcuffs); and spins it such that it looks as if another village tried to woo that worker but was met with unexpected resistance.

The resulting media impression, in the mind of Type 1 workers, feels like pay inequity (see the video at the bottom). This is because Type 1 workers expect equal rewards for equal time spent being loyal to the same village.
creating_valuable_content  entrepreneurship  mindsets  productivity  productivity_payoffs  Quora  scaling  solutions  solution-finders  software  thinking_big  uncharted_problems  unconventional_thinking  value_creation  variations  wealth_creation 
may 2014 by jerryking
How do you identify/attract/hire good programmers to implement an idea if you yourself are not a coder?
Jeff Kesselman, 25 years in the video game ... (more)
If you are going to build a technical team, you need a techncial team builder. Which is to say CTO. Thats a key hire and the one you should b...
CTO  Quora  Paul_Graham  software_developers  software_development  hiring 
april 2014 by jerryking

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