150 minutes

Introduces a playbook for building case studies using 2nd LEVEL knowledge, a new standard for single stock due diligence and risk management.

Starts with drills to awaken & exercise your interrogative CURIOSITY + CRITICAL THINKING+ CONTRARIAN creativity + high CONVICTION resolve.

Drills how to utilize available company disclosure to identify key lines for financial models and to number crunch in an efficient case study manner. This entails basic use of Microsoft excel.

105 minutes

Case Study 1 = a deconstructed case study. Focused on the completing the different sections of a case study.

Emulates being in the seat of a buy side analyst = taking end to end responsibility for all aspects of the single stock investment process.

90 minutes

Case study 2 - a complete case study with an emphasis on: a company & stock snapshot, on key idiosyncratic judgement calls and an investment conclusion.

90 minutes

Case study 3 - untimed case study. Given a few days to complete.

This the typical case study utilized for long only interviews.

90 minutes

Case study 4 - Timed case study - receive topic ahead and then clock starts with 3 hours to complete.

Discuss how a long vs a short idea case study may deviate from each other.

Exactly how most hedge funds conduct case studies

40 minutes

Career path perspective.

On the different career paths to becoming an analyst or PM via either a sell side or buyside route, for different types of investment strategies/philosophies.

A realistic discussion based on your own experience and ambitions.

Purposely at the end of 2nd LEVEL training - when we both have a better feel for your strengths/weaknesses and interests ahead of big interviews or live case studies.