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jerryking : sell_side   2

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.

Tools/Data
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

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