THINK LIKE A WALL STREET ANALYST
THINK LIKE A WALL STREET ANALYST
Murphy’s Law - Lessons from Covering Airline Stocks
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I think this is a fairly well developed book with several actionable steps for anyone who wants to get into stock analysis. There are multiple fully fleshed out arguments with enough examples that allow you to create your own understanding of trends and possible events that will follow. I loved the historical context and several of the logical chains of events.
That being said, as someone who has dipped their toes in finance, I think that there is some level of skepticism that is needed when thinking that you have insider knowledge that can allow you to outperform the market. Especially, in an age of super/quantum computing. You are competing against both the knowledge and the speeds that such capabilities provide. Outsized returns are increasingly concentrated as a result. Margins become thinner and the human effect of price discovery is diminished.