(1/12) A HUMBLE NOTE One brief note to the professionals...allow me to make an observation, which is that there is a severe imbalance on here of students vs teachers. It's possible I'm just an antiquated fossil from the days of old FinTwit, where posting your work in

(2/12) Q&A ON "PITCH" THREAD ["pitch" thread: https://x.com/gregoryblotnick/... Answering all DM's at once because I'm lazy... two of the most common questions were: 1. Do you have any 9/10 or 10/10 pitches 2. Do you have any quality models to share the answer to both is similar - no,

(3/12) MODELING PROCESS "What should my models look like?" The answer to this, is the same answer as "whats the best religion"... the religion of your father. Wherever you work, they'll have a format you use. "But what about for my own personal models?" The best model is

(4/12) PROCESS VERSUS OUTCOME IN L/S That quote is why the extent of my "advice" on modeling is to do what is consistent, repeatable, and allows you to GET THE CALL RIGHT...if you aren't consistently bringing home the prom queen, you don't have a future in L/S...the industry is

(5/12) DRIVERS & QUARTERS After you master the "3-5 hour model from scratch," the next q is on drivers, which many of you asked about. For formatting purposes, this "scenario drivers" tab is bare-bones but sufficient - some version of this is used in many L/S models... 1-3 rev

(6/12) DATA & DOMINANCE In all seriousness, calling qtrs sounds pedantic but isn't... an analyst is measured by their ability to forecast earnings, and quarterly earnings are where you monetize your research...there are mountains of studies on this ("majority of alpha is

(7/12) ASSUMPTIONS For all the other drivers/assumptions you put in there - anything that deviates from consensus, be prepared to defend your rationale under intense scrutiny. Consensus is consensus for a reason - it's usually right. It comes from the mgmt team of an S&P 500

(8/12) DISCIPLINE The last bit I can offer on this subject - modeling - I will just share an observation from what I have seen... take it for what it's worth (approx ~zero). At any given time, there is a sector team, a pod, or a fund, that is "walking on water"...knocking the

(9/12) THE NECESSITY OF THE PITCH As laid out above, pitching stocks isn't just getting hired...you are constantly pitching. Every time you have an idea that you want to get in the book, you have to pitch it to your boss and convince him WHY... because same as before, there's

(10/12) "OUTSIDERS" as with any "career advice" in here, everything I can offer is measured, cautious, very specific, highly targeted, and based solely on my own experience. If you are an "outsider," do not fret...there has always been room for your type somewhere in finance,

(11/12) BOOKS/READING/GENERIC CAREER SHIT For reading, start here: https://buffettfaq.com/ - read it top to bottom. Everything Buffett ever wrote, pretty much. Whoever assembled this deserves a Pulitzer. Next, read everything Mauboussin ever wrote: https://www.michaelmauboussin....

(12/12) FINAL ADVICE Many of you younger gentlemen have DM'ed me work that is super impressive for your age...20-year olds writing better stock pitches than the typical MBA. The advice I wish I had gotten at your age is as follows: Have a website yourname dot com, or a

@gregoryblotnick Great post greg

@gregoryblotnick @TMTLongShort Thanks Greg, good input/insight. I think you may have underestimated the identity theft/plagiarism and bullying effects that may result from becoming 100% public. But depends on the person. There is a typo in the first post, ‘general career shit’ that made me lol cos I’m silly.

@gregoryblotnick @threadreaderapp unroll