Value Investors Club
Anyone here a member of Value Investors Club? What do people think of it, has anyone backtested the pitches, anyone find them useful?
Anyone here a member of Value Investors Club? What do people think of it, has anyone backtested the pitches, anyone find them useful?
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Becoming a member is rather difficult (know some smart investors who needed 5-8 times) though VIC is very useful for 1) sourcing if you need to pitch weekly, like at many HFs and 2) did not backtest anything though from experience/anecdotally know several theses from VIC that exactly played out as described and were 2-3x in year after posting. PS next to MOI believe these are among higher quality networks. Incomparable to sumzero, seeking alpha and other retail blogs
There was a paper that said VIC ideas on average beat the index (something in that line). That’s done in ~2008. I can try looking for it if someone is interested.
Getting in is hard. I use my report to land many job interviews but couldn’t get into VIC.
Lol gory damn there's a deadass paper (proper academic paper I presume?) on VIC? Yes, if you could look for it, would be greatly appreciated
Wow
I believe the paper he's referring to is called "Do Fund Managers Identify and Share Profitable Ideas" (SSRN 1499341). I'm not a full member (yet) but it's my impression from other comments that the website's quality has slightly diminished since the period studied in the paper. Not sure how true that is, but I definitely have seen ideas that weren't crafted with great effort. Hope the guy who pitched Silvergate a few months ago still has a job.
Try this link http://mpra.ub.uni-muenchen.de/12620/
Or search “fundamental value investors: characters and performance” by Gray, Wesley, and Kern, Andrew. 2008.
I'm a member. Its a nice community to be apart of.
Currently a member, at it was really tough to get into. Took me roughly 3 attempts to get in. Once I got in, I didn't really find it all that useful as I tend to do my own homework and don't spend much time studying what other people are doing. However, a couple of my analysts are members and they source many ideas from it. It's a great site regardless. Definitely better than SumZero, Seekingalpha and other sites that tend to share speculation.
Full member,
not that useful for most funds because VIC ideas tend to be both smaller in ADV and more LT than most would be comfortable with, but must admit that you sometimes get gems. Useful for PA definitely.
Don't think it's that hard to get in? Just know that getting in requires higher than average idea quality - see the idea contest winners as a benchmark, rather than your quick one pagers that tend to populate the chat these days - submission quality def declined somewhat. Then again, still much better than college/MBA pitches.
Just don't be a dumbass.
Must admit that at least in person VIC members tend to be very nice people (i'm biased)
Currently a member and most non-pod PMs I’ve worked for are members and actively use it. I got in first try - and I think the quality has declined in recent years, but still imo is the best collection of ‘actual’ hedge fund quality pitches available online
What do you think are some reasons for the decline in quality? Lack of moderation, cultural shift, ...?
Idk, used to be limited to 250 members. Just lots more ZIRPy tech pitches recently. Still as many good pitches but more bad ones
Used to be great 10+ years ago until it wasn’t. Nowadays brief lazy posts just to maintain the membership plus illiquid PA trades at best.
I was going through some pitches there and realised that for the growth names atleast(amazon, Airbnb, shopify, match group etc) people were pitching these things on the basis of 5year + normalized eps. Is that how growth based hedge funds invest in these things as well (I.e having 5-7 year time horizons for your investment thesis to play out) but then wouldn't these stocks be super volatile in the interim? How do they manage that?
lmfao VALUE investors club pitching growth - nice
If i win an award in VIC (value investors club) should i post about it or keep it to myself to maintain the culture
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