Practical Approach I learned working under @ashishkila sir:-
1. In early part of your career work as hard as possible across sectors rather than being stuck in one sector.
2. Write as much as possible and make crisp and precise notes without jargons.
1. In early part of your career work as hard as possible across sectors rather than being stuck in one sector.
2. Write as much as possible and make crisp and precise notes without jargons.
3. Hone your financial modelling skills. You need to know what variable moves the PAT of the company and what makes or breaks the thesis.
4. Many don't do point 3. How will you ever improve your ability to value a co if you don't do point 3. Must do in my view.
4. Many don't do point 3. How will you ever improve your ability to value a co if you don't do point 3. Must do in my view.
5. Learn to segment the sectors. Eg:- Gold finance there are 3 players. Two players are toasted due to HIGH Car and their inability to do Co lending. Banks have entered the space.
Third one is doing well due to co lending model and a diversified business.
Third one is doing well due to co lending model and a diversified business.
6. 5th point you need to do in as many sectors as possible. Look at sectors through multiple perspectives. Spot the fastest growing consumption name. Spot the fastest growing QSR, Spot the deepest value new age tech co.
7. Slam your brain with multiple sectors and types of investing (Read as much as possible)
8. Lo and behold, if you do it for 4-5 years. You won't be a one trick pony, and your ability to identify companies across sectors will be rare and valued by your employers going forward.
8. Lo and behold, if you do it for 4-5 years. You won't be a one trick pony, and your ability to identify companies across sectors will be rare and valued by your employers going forward.
9. Don't forget to network. Go to every event of @CFASocietyIndia & other forums like TIA
@CFASocietyIndia Additional Pro Tip:-
Hone your critical analysis skills, learning to play poker can be a big advantage over people who view world in Black and white. Might help to be a better investor too
Hone your critical analysis skills, learning to play poker can be a big advantage over people who view world in Black and white. Might help to be a better investor too
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