Sahand Lali

15 Summerfields Avenue
N12 0TD
07904377136
Sahandlali2000@gmail.com
11/08/2023
Dear Sir/Madam,
My name is Sahand, and I am an currently an Equity Research Analyst working for a small research
firm, having graduated from Bayes Business School last year with a First Class Honours. I recently
became aware of Dynamo Capital’s Investment Analyst position that has become available and have
great interest in joining. Dynamo’s emphasis on having a low-turnover equity portfolio is deeply
attractive to me, as it has been demonstrably proven that active managers with higher average
holding periods tend to outperform indexes, net of fees, despite the fact that the average holding
period for active managers has substantially dropped in the past two decades, as fund managers
continuously attempt to time the market.

Through my current experiences as an Equity Research analyst at a boutique research firm where I
have mostly covered Fintech companies, I have developed my fundamental analysis skills by
developing are regularly updating Discounted Cash Flow models as well as capturing alternative data
through channel checks to help give our institutional client base an edge. From the description of the
role, the position requires regular interaction with competitors, former employees and customers
and through my time at my current job, I have developed a large expert network in the
Tech/Fintech/IT services space spanning CTO’s, Heads of Payments, Value Added Resellers and much
more that I can lean on to help Dynamo.

As well as this, outside of my career, I continue to enjoy working on my investing skills, as I look build
a latticework of mental models by reading from the likes of Warren Buffett, Li Lu, Aswath Damodaran
and Seth Klarman. I believe a philosophy of patient, contrarian, bottoms-up analysis of stocks to find
the intrinsic value of a company and buying companies that trade at a large discount to intrinsic
value which stems as a result of overreactions as well as momentum based investors is the approach
that bears the most fruit over the long run.

Given my background, I feel I am a particularly good fit for the placement position at your firm and
admire the fact that significant responsibilities are given to new employees, and I would be most
grateful to contribute to your company’s existing successes. I believe that my previous experiences
including my current role and previous internships will help me hit the ground running at Dynamo
which I hope to demonstrate. I would welcome an opportunity to discuss my qualifications with you
and learn more at your earliest convenience. I can be reached at 07904377136 or via email at
sahandlali2000@gmail.com. Thank you very much for your time and consideration.

Sincerely,

Sahand Lali