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Mind of an Analyst

Mind of an Analyst

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Published by: api-3696966 on Oct 14, 2008
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03/18/2014

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The Mind of a Business Analyst
Manish Chokhani
September 2004
1
Applied Lessons for Investment Bankers and Research Analysts
ENAM Securities
2
August 2004
Agenda

\ue002Components of an average recommendation
\ue002What requires to be validated
\ue002First Principles of Financial Analysis
\ue002Valuation Principles
\ue002Valuation Shortcuts and Market Cycles
\ue002Business Analysis \u2013 Circle of Competence Approach
\ue002Macro Economic, Political and Social Factors
\ue002Buyer Characteristics and Compulsions
\ue002Slotting the Recommendation
\ue002Recap the Valuation

ENAM Securities
3
August 2004
An Average Recommendation
\ue002Here are the financials

\ue003Past two years, next two years
\ue003Current business trajectory is good
\ue003This is the P/E , this is the EPS or something similarly cheap sounding

\ue002Here are some comparable valuations
\ue003Local, regional, global
\ue002Occasionally:

\ue003Chance to buy a good business\u2026
\ue003Unique Promoter \u2026
\ue003Great Shareholders/ Funds/Pvt Equity\u2026 Backing it

\ue002So Buy It

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