Friday, November 8, 2013

[IAIP Newsletter] Book Review: Best Practices for Equity Research Analyst

Best Practices for Equity Research Analyst acts as a handbook for an analyst. The book highlights day-to-day life of both buy-side and sell-side analyst. The author repeatedly emphasis the importance of generating alpha and provides road map for analyst to achieve it.

The book is divided into 6 parts. A brief description for each part is given below:

Part 1: Mastering organization and Interpersonal skills
This section focuses on non-technical areas as selecting optimal universe of stock(important to generate alpha. However, stock universe can be increased, if the stock is homogenous or in same food chain), time management (James shares effective time management tips and application of ‘delegate, automate or outsource’ theory. Other areas of focus are influencing skills, managing information flow and maximizing sell-side benefit

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