Long/Short Inflections, Free Write-Up & Substack Update

Identifying stock inflections, free post, new Substack layout

On Friday, we will be releasing the first part of a deep-dive series on one of the most important aspects of idea generation in long/short equity: inflections.

It will start to meaningfully build on our recent write-up on the topic, The Best L/S Analysts Detect “Change”, which aimed to provide an introduction and intuition around inflections. Truly identifying them begins at the very foundation of the research process - understanding the drivers of the business (plus how to research them) and building your model accordingly.

We are giving away the write-up, The Best L/S Analysts Detect “Change”, for free. Just like, comment and follow here, and we will send it over to you. On that account, we will be regularly sharing helpful resources on long/short equity, so make sure to follow it.

I’m very excited for all the topics we have planned to cover at Phoenix, many of which I haven’t seen explored from these angles before. The focus will be on practicality over useless theory and distilling the best practices from top-performing PMs and analysts.

Also, our Substack layout has now been reorganized into categories:

You can easily find the most relevant write-ups for each topic:

• Lessons from the Best PMs (this includes our Mt. Rushmore series, where we share insights from conversations with the best multi-manager PMs)

• The Pod Shop Playbook

• The Long/Short Investment Research Process

• Idea Generation

• Modeling Like a Pro

• Pitching

• Alternative Data

• Sentiment & Positioning

• Risk & Factors (risk management and portfolio construction)

There is still some work left to properly categorize all older posts, but we will continue improving the layout over time.

See you Friday.