In this episode of InDaloop, host Thomas Li welcomes Jerry Diao, also known as Richard Toad, an experienced equity research analyst and blogger. They dive into the world of sell-side research, discussing Jerry's career journey from an actuary to a prominent figure in equity analysis. Jerry shares invaluable insights on what it takes to succeed in the sell-side landscape, emphasizing the importance of relationship-building, resilience, and the ability to tell compelling stories. The conversation explores how analysts can differentiate themselves in a crowded market, the significance of understanding market narratives, and how effective communication can lead to greater success. Tune in for a mix of career advice and professional storytelling that can elevate your understanding of the investment research field.

For more on Richard Toad visit: https://www.richardtoad.com/

For more on Daloopa visit: www.daloopa.com

In this episode of the Indaloop podcast, host Thomas Li welcomes Abdullah Al Rezwan, the author of MBI Deep Dives. They delve into Abdullah's unique approach to selecting companies for his deep dives, emphasizing the importance of building a watch list and understanding business models over rigid screening processes. Abdullah shares insights into the traits of successful companies, particularly focusing on secular winners like Sherwin-Williams, and discusses how a company’s ability to adapt and maintain strong customer relationships is vital for long-term success. The conversation highlights the nuances of investing, the relevance of subscription models, and the significance of consistently delivering value to customers.

For more on MBI Deep Dives visit - https://mbideepdives.substack.com/

For more on Daloopa and to set up a free account visit - Daloopa.com

In this episode of the InDaloop Podcast, host Thomas Li welcomes Edwin Dorsey, founder of The Bear Cave, to discuss the often-overlooked world of short selling. Edwin shares his unique insights into the art of shorting stocks, highlighting how he identifies companies that mislead investors or harm customers. They explore the motivations behind short selling, the challenges faced by activist short sellers, and the importance of investigative journalism in finance. Tune in as they delve into strategies for uncovering market inefficiencies and the ethical considerations that come with exposing problematic businesses.

To subscribe to The Bear Cave visit: https://thebearcave.substack.com/

For more on Daloopa visit: www.daloopa.com

In this episode of InDaloop, Thomas Li addresses common questions from buy-side analysts about maximizing efficiency during earnings season. He shares actionable strategies for spotting trends, managing data overload, and leveraging Daloopa's tools to streamline model updates, ensuring analysts can focus on insights rather than manual tasks.

In this episode, Thomas Li sits down with Ravee Mehta, founder and CIO of Nishkama Capital LLC, to explore the unique strategies that have shaped his approach to investing. From understanding behavioral biases and developing an “empathetic edge” to balancing risk and reward in a dynamic portfolio, Ravee shares valuable insights from his years in the hedge fund world. Whether you're a seasoned analyst or an aspiring PM, this conversation offers a rare look into the mindset behind building a successful investment fund. Don't miss these actionable tips on navigating today’s market complexities!

This podcast is provided for general market commentary and educational information purposes only. This communication is not an offer or solicitation with respect to the purchase or sale of any security including any security of any fund or account that Nishkama Capital LLC manages or offers. The information contained herein includes or is based upon various assumptions and opinions concerning various matters, the accuracy of which cannot be assured. Any such opinions or assumptions provided herein are subject to change without notice.

In this episode of InDaloop, Thomas Li discusses the concept of volatility in the financial markets, particularly in the context of recent record-breaking fluctuations driven by fears of recession and Fed actions. He breaks down volatility's key role in option pricing through models like Black-Scholes, explaining how options have intrinsic and extrinsic values. Volatility serves as a gauge of market fear, which is reflected in tools like the VIX, often called the "fear index." Li highlights the connection between rising volatility and increased demand for portfolio insurance via options, and how investors can use implied volatility to understand broader market sentiments or specific securities. Finally, he emphasizes the importance of time as a cost factor in volatility, particularly in relation to options nearing expiration.

In this episode of InDaloop, Thomas Li breaks down the ins and outs of landing a junior analyst role at a hedge fund. From the unstructured recruiting process to nailing the technical interviews and case studies, Thomas offers key insights on how to stand out and secure a role in the competitive hedge fund space. Whether you're transitioning from investment banking or consulting, this episode provides practical advice for navigating the unique challenges of hedge fund recruiting.

Private equity recruiting, specifically on-cycle recruiting, is a unique and intense process that differs significantly from traditional job recruiting. It typically starts 6-12 months before the expected start date and involves filling analyst or associate positions for multiple private equity funds within a few hours. On-cycle recruiting requires extensive preparation, including mastering technical skills and building a network of recruiters and industry professionals. The process involves a series of one-on-one interviews to assess technical knowledge, personality traits, and commitment to the job. Candidates may also be presented with case studies to test their modeling and business analysis skills. The final stage is receiving and accepting an offer, which often happens in the early hours of the morning. Leaving the current job for an interview is expected in investment banking, and building relationships through alumni networks and LinkedIn is crucial for expressing interest in private equity.