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Interviewing > Behaviourals > Flashcards

Behaviourals Flashcards

1
Q

Weaknesses

A

on the personal side i’ve received feedback that i tend o talk very quickly when I’m excited about something. This is something I’ve tackled with toastmasters, where you often have to give unprompted talks about various random topics

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2
Q

Strengths

A

honest, analytical, draw energy from challenges, persistent

talk about idea screening going through the russell 2000

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3
Q

bad experience with team work

A

lots of experience working in teams, some high performing, others had opportunities to improve. the most challenging time was in an international team when i was on exchange in a global ethics class and tasked with analyzing apple from a global supply chain perspective. We didn’t spend enough time getting to know strengths, didn’t communicate objective and standards.

importance of understanding cultural barriers and over communicate rather than under communicate

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4
Q

Why this bank/firm

A

truly be able to be long term, focus on management, team based environment.

Having smart people who can challenge the way you think

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5
Q

Something not on my resume

A

how much i like to read, read about 100 books last year, on pace to do the same this year, i have a passion for learning.

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6
Q

Leadership style

A

i would say that im someone who wants the right answer. it doesnt necessarliy have to be mine

i like taking control and executing a plan

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7
Q

Give me an example of a time you have gone above and beyond what was expected of you

A

I would say most assignments.
i am typically one who takes charge
eg. corporate law

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8
Q

Why are you the best candidate

A

Abilitry to push my ego aside to win for the team. understand that the needs of the team outway my needs at the momenet.

chris rock, someone has to play the tambourine

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9
Q

exchange

A

great experience, thought i could leverage my knowledge in french to understand more of the culture

lots of finance courses

experience working in international teams

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10
Q

favourite book (s)

A
  1. intelligent investor
  2. the paradox of choice
  3. zero to one
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11
Q

what is your strategy or edge

A

structural,
kind of a cope out, but being able to take long term views about investments and stomach volatility. low turnover, high conviction portfolio

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12
Q

how do you determine when and what to sell

A

Depends on the investment (cheap asset vs. compounder)

  1. thesis has changed
  2. something else is much more attractive
  3. reached intrinsic value
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13
Q

if you had 10k to invest, what would you do with it

A

depends on risk preference, as a younger indivudaul who understands the histroical outperformance of equities. id be 100% equities, stomach for volatility

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14
Q

why queen’s

A

best for finance, competivie environment, strong aluni base, small class size, business from day 1

similair to investing, needed to be in the right pond

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15
Q

Great team experience

A

CAPSIM, management simulation, had an underperfoming team.

  • learned the importance of picking the right team
  • learned capital allocation
  • learned about the importance of mgmt incentives
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16
Q

tell me about your finance experience

A

Experiencing investing PA, developped strategy over time, attending finance conference, CFA, CSC, investment clubs

17
Q

why would you be the best candidate

A

i could say that I’m Passionate about finance, i work hard, but everyone says that.

i’d be the best because i can check my ego. story about trading floor

18
Q

what is your process on managing risk

A
  1. permanant loss of capital
  2. vol, beta are poor proxies for risk
  3. time horizon
19
Q

how do you look for stocks

A

Changed over time. I used to rely heavily on screens, but there are many pitfalls, such as one time charges, statistically cheap doesn’t mean good buy etc.

try to build a mosaic and understanding of the world by really reading lots of annual reports. by understanding the verticals, competitors and landscape you build compounding knowledge

learn a lot, philosophy, politics, pshycoholy, math

use VCs, to learn about how they think about the future. they’re usually right but not on the time horizon

20
Q

what is your circle of competence

A
  1. consumer goods,
  2. some tech
    3
    what is more important are companies i wont cover
  3. anything with singifiant off balance sheet aragnemtn
  4. cyclycial/ resources based stock s
21
Q

what i learned from investing my own money

A
  1. built scar tissue
  2. learned difference between reality and theory
    “In theory there is no difference between theory and practice. In practice there is.
  3. eg. market efficiency
22
Q

Hobbies

A

reading
travelling
having interesting conversations with interesting people

on the active side, martial arts surfing and squash

23
Q

why did you study business

A

fascinating with finance and investing

24
Q

where do you see yourself in 5 years

A

Given where I am now compared to where i was 5 years ago, i think its pretty difficult to say. however, i want to become a better analyst, a more serious role in the firm. since investing is a mentorship business, i hope i have learned enough by that point to start giving back to new analysts

have cfa

eventually i want to run my own shop

25
Q

what is your greatest reservation about working in asset management

A

inability to talk about investment ideas with friends. ? (work on this )

26
Q

Give me an example where you came with a creative solution to a
problem.

A

THINK

27
Q

What motivates you

A

Buffet talks a lot about the difference between an inner scorecard and outerscore card. I think one of my greatest strengths is my ability to judge myself based on internal metrics rather than outside validation. I want to get better at what i do everyday and go to bed smarter than i when i wake up. I don’t think many other jobs allow you to do that

28
Q

Why finance

A

I want to get better at what i do everyday and go to bed smarter than i when i wake up. I don’t think many other jobs allow you to do that.

highly competitive which pushes me to be better

combined with responsibility of generating returns for clients

29
Q

how do you manage stress

A

not well. jk

humour is one way, not taking everything so seriously or personally. and squash/ exercise.

30
Q

tell us about a time that you made a mistake and what you learned from it

A

on the investment side, i invested in an oil tanker company because i thought oil had played out. huge mistake. learned not to time macro, avoid highly levered, cyclical companies, or at least drawing out peak earnings over the long term.

another mistake: had to pitch an LBO, our team pitched that we should buyout 3m. turns out that company is larger than the LBO market at the time. do your due diligence of what can kill a deal or investment from the start

31
Q

Tell me how you handled a difficult situation./ multiple priorities

A

Studying for CFA exams the week after a conference before 4th year finals. i juggled this by preparing early, studying hard in advance and getting by with less sleep.

very few things can’t be solved by throwing sheer hours at it

32
Q

What did you learn from taekwondo

A

Humility, discipline and leadership. I was a member of a high performance demonstration team and was responsible for training jr members. I also taught students with learning disabilities in the school. This taught me empathy (see things from their perspective) and distill information into its most essential parts

33
Q

do you have any questions for us?

A

Training

Interviewing management teams

34
Q

how did you hear about our firm

A

Update depending on firm

35
Q

why do you want to work here

A

charlie munger put it best for rules for a career.

  1. never sell somehting you wouldnt buy yourself
  2. dont work for anyone you dont respect or admire
  3. work only with people you enjoy

there was this interesting article in the WSJ a while back, talked about how returns can be affected by your environement and who you surround yourself with.

importance of similar/ shared values/ investing principles.

36
Q

tell us about a difficult decision you made how, you came to it and what you would change

A

choosing to leave a full time buy side seat for an internship in toronto for 4 months for half the pay and quadruple the monthey expenditures with the markets at all time highs

i knew early on in my career, more importnat to learn, eg. buffett offered to wrork for graham for free

Interviewing (7 decks)

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