Equity research firms would be much more successful if their business model looked less like a traditional brokerage and more like Barstool Sports.
Let me explain 
Show this thread
-
I agree it would be difficult. 1) research spend (& comp as a result) is already going down over time. 2) The best research could still fetch 6-figure salary prices. 3) Scale + creativity should in theory fill the gap.
Example would be: - get Factset/Bloomberg to sponsor you - a Substack w/4,200 subs x $10/month = $500K, w/good research could be achievable - still have buy-side clients paying the core $
-
-
Don’t think you really understand the business. It’s an $8bn industry. Why would existing market leaders give away free product on YouTube Spotify and sub stack to low quality clientele?
-
The lead GS auto analyst probably makes $1MM a year. Your entire day is filled with calls talking to large hedge funds. Why would you instead spend your day arguing with eggs on twitter? There’s a ton of misunderstanding on Twitter what SS actually does.
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.