Awesome stuff, thank you so much for sharing! 2 questions: 1) Do you need to have a variant view for each of the thesis (i.e., how your view differs vs. consensus, & how that particular variant thesis drives the valuation)?; 2) Variant view refers to being different vs consensus (in this case defined as market, which is different from the sell-side right?)
1) Need for variant view depends on what style of funds you work for. Some don't. Some must.
2) Yes, and yes buy-side consensus can different from sell-side consensus, it's your job to figure out where the buy-side is if that's the game you want to play.
Awesome stuff, thank you so much for sharing! 2 questions: 1) Do you need to have a variant view for each of the thesis (i.e., how your view differs vs. consensus, & how that particular variant thesis drives the valuation)?; 2) Variant view refers to being different vs consensus (in this case defined as market, which is different from the sell-side right?)
1) Need for variant view depends on what style of funds you work for. Some don't. Some must.
2) Yes, and yes buy-side consensus can different from sell-side consensus, it's your job to figure out where the buy-side is if that's the game you want to play.