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jerryking : thesis   4

Michael Lewis’s ‘The Big Short’? Read the Harvard Thesis Instead! - Deal Journal - WSJ
March 15, 2010 | WSJ | By Peter Lattman.

Back at Harvard, against the backdrop of the financial system’s near-total collapse, Barnett-Hart approached professors with an idea of writing a thesis about CDOs and their role in the crisis. “Everyone discouraged me because they said I’d never be able to find the data,” she said. “I was urged to do something more narrow, more focused, more knowable. That made me more determined.”

She emailed scores of Harvard alumni. One pointed her toward LehmanLive, a comprehensive database on CDOs. She received scores of other data leads. She began putting together charts and visuals, holding off on analysis until she began to see patterns–how Merrill Lynch and Citigroup were the top originators, how collateral became heavily concentrated in subprime mortgages and other CDOs, how the credit ratings procedures were flawed, etc.

“If you just randomly start regressing everything, you can end up doing an unlimited amount of regressions,” she said, rolling her eyes. She says nearly all the work was in the research; once completed, she jammed out the paper in a couple of weeks.
financial_system  Michael_Lewis  economics  Harvard  Colleges_&_Universities  students  thesis  CDOs  data  patterns  Wall_Street  investment_banking  women  Philip_Mudd  economic_downturn  linear_regression  finance  crisis 
march 2011 by jerryking
James Elkins: How Long Does it Take To Look at a Painting?
James Elkins

Art critic and historian, School of the Art Institute of Chicago
Posted: November 6, 2010
art  paintings  blogs  thesis 
january 2011 by jerryking
Invest With A Thesis
??? | Investopedia | by Ryan Barnes.

Example - Investing Thesis for XYZ Industries

May 31, 2007 - XYZ Industries is currently No.2 in market share in its
core business of selling designer widgets. Market share is currently at
27%, and it has improved that from 23% a year ago. An industry trade
group predicts that the total market for widgets will grow by 10% during
2007 and 2008.


1. 35% market share within two years
2. Total widget growth to remain at at least 8%
3. Maintain current P/E of 21 by growing earnings by at least 20%
4. Maintain or grow operating margins from the current 22% level
5. Keep a healthy balance sheet; keep debt/equity below 40%

Exit Strategy - Sell position if XYZ loses market share during a full
12-month period, or if industry growth turns negative for more than two
thesis  themes  investing  investment_thesis 
december 2010 by jerryking
Writing a Credible Investment Thesis
11/15/2004 | HBS Working Knowledge | by David Harding and
Sam Rovit
Many companies are "terrifyingly unclear" to themselves and investors about why they are making an acquisition, according to the authors of a new book, Mastering the Merger. Support comes when you spell it out.

Tough truths, on the other hand, are things like when and where you invest and under what circumstances.
HBS  HBR  mergers_&_acquisitions  M&A  private_equity  investment_research  writing  themes  thesis  value_creation  value_propositions  investment_thesis  Bain  tough-mindedness 
december 2010 by jerryking

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