Behaviourals Flashcards
Weaknesses
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
Strengths
honest, analytical, draw energy from challenges, persistent
talk about idea screening going through the russell 2000
bad experience with team work
Team Work
• Every class in university had some team component
• lots of experience working in teams, some high performing, others had opportunities to improve.
• the most challenging, but insightful 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 each other personally or professionally , didn’t communicate objective and standards.
• One of the challenging components was whether your school was pass/fail or actually graded
• importance of understanding cultural barriers and over communicate rather than under communicate
• especially eliciting insight and giving feedback, being aware of cultural norms and standards is critical.
Why this bank/firm
truly be able to be long term, focus on management, team based environment.
Having smart people who can challenge the way you think
Something not on my resume
How much I like to read, optimize retention and learning and self improvement. Constantly benchmarking myself to find ways to improve
something exciting about tracking and measuring progress whether its fitness or health related or spending habits
Leadership style
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
Give me an example of a time you have gone above and beyond what was expected of you
Trying to provide unique insights in due diligence, more familiar with social media searches, compiling past statements. Especially when i feel like I’m pursing information that isn’t publicly reflected, there is a certain thrill about that.
*talk about customer centric approach here. Satisfying the ultimate need of the customer goes above and beyond doing what is asked directly
Why are you the best candidate
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
exchange
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
favourite book (s)
- intelligent investor
- the paradox of choice
- zero to one
what is your strategy or edge
structural,
kind of a cope out, but being able to take long term views about investments and stomach volatility. low turnover, high conviction portfolio
how do you determine when and what to sell
Depends on the investment (cheap asset vs. compounder)
- thesis has changed
- something else is much more attractive
- reached intrinsic value
if you had 10k to invest, what would you do with it
depends on risk preference, as a younger indivudaul who understands the histroical outperformance of equities. id be 100% equities, stomach for volatility
why queen’s
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
Great team experience
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
tell me about your finance experience
Experiencing investing PA, developped strategy over time, attending finance conference, CFA, CSC, investment clubs
why would you be the best candidate
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
what is your process on managing risk
- permanant loss of capital
- vol, beta are poor proxies for risk
- time horizon
how do you look for stocks
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
what is your circle of competence
- consumer goods,
- some tech
3
what is more important are companies i wont cover - anything with singifiant off balance sheet aragnemtn
- cyclycial/ resources based stock s
what i learned from investing my own money
- built scar tissue
- learned difference between reality and theory
“In theory there is no difference between theory and practice. In practice there is. - eg. market efficiency
Hobbies
reading
travelling
having interesting conversations with interesting people
on the active side, martial arts surfing and squash
why did you study business
fascinating with finance and investing
where do you see yourself in 5 years
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
