Videos

Main topics covered:

• Asset classes intro (distressed credit and equities)
• Credit and distressed debt example
• Equity strategies & philosophies: SM value-oriented vs MM pods vs Tiger Cubs
• Distressed “similar” to value-oriented L/S equity
• Credit markets philosophy
• Quants, fundamental L/S and PE analysts, quantamental
• L/S equity: risk management
• L/S equity: convergence in ideal holding period
• L/S equity: position sizing 
• Deep dive: what sectors to cover and how they differ
• Advice on sector coverage
• Consumer & healthcare sectors; secular movers

Main topics covered:

• Ramping up intro: concentric circles 
• Deep dive: steps of the ramping up process
• Sketching out unit economics: prep for idea generation & the model
• Impactful differentiation: used car prices & 4 lines of business examples
• Summary of the ramp up process
• Identifying 1-3 alpha drivers & key debates (copper, software, cyclicals)
• Alternative data: intro, integration, tracking
• Alternative data as part of the ramp up process
• Core fundamental numbers to know 
• How to look at and analyze a stock chart
• Ramping up on one name vs a whole sector
• How to approach reading and organization during ramp up
• Outline of ways to determine key debates for a stock

Main topics covered:

• Importance of unit economics
• FRC: what it does, exposure, assets/liabilities
• FRC investor presentation
• Sketching out the unit economics of FRC from scratch
• Explaining line items & building out the income statement side

Main topics covered:

• Value of sketching out the unit economics
• FRC unit swag interpretation
• Implications for FRC and the broader market
• Summary of key takeaways and where to look next
• Why SVB failed: were unrealized losses the key?
• SVB: what analysts should’ve been doing ahead of time
• Why did SVB start selling their available-for-sale book?
• In retrospect, long or short SVB?
• How to know if a name is shorted
• Hedge fund positioning ahead of SVB collapse

Main topics covered:

• Is beating consensus enough for differentiation and profitability (90%)?
• Why the market is well proxied by the sell-side and how to get a variant view
• The psychotic mind game (10%)
• The numbers that matter (revenue, EBITDA, eps)

Main topics covered:

• How investors gain conviction to execute their ideas
• Rich’s personal way of developing conviction
• Shorting a stock example from Rich’s career - thought process deep dive
• Difference between shorter- and longer-term HF (turnover)

Main topics covered:

• Pitching isn’t selling your idea 
• Generalists vs specialists 
• [watch!!!] Pitching deep dive - example and structure
• [watch!!!] Pitching deep dive - part 2

Main topics covered:

• Math intimidation in college
• Interest in finance and coding skills
• Why did Rich choose Investment Banking? 
• Overcoming math intimidation and life advice

Main topics covered:

• Do you need IB to get into a HF?
• How to get in the HF door
• How to get the HF job once in the door
• Two models of HF interviewing after IB 
• Required skills (modeling, unit economics, comps, diligence)