What does an equity research report look like?

Equity research report take various shape and forms (from ~5 pages including long disclaimers to several hundreds of pages, from slides to redacted documents, industry overviews or specific company analyses, etc.).  Here is an example of a sector piece.

Regrets on the deathbed

A palliative nurse who has counselled the dying in their last days has revealed the most common regrets we have at the end of our lives.
A career in Investment Banking does not help avoiding these...

Tales from an overworked City (FT)

From toilet naps, through the willingness of junior bankers to work around policies to prove themselves, the pride of working long hours, the gap between policies and the reality of the job... this article has many little interesting tales.

Rolling shit - a funny way to look at delegation in investment banking

These slides are widely shared amongst junior finance professionals...

Andrew Lahde's goodbye letter

Andrew Lahde, hedge fund manager, wrote a famous and somewhat controversial goodbye letter in 2008. 

He was arguably wealthy enough to take that decision and to afford expressing strong opinions.

Some statements could be interesting nonetheless:

"(...) I am content with my rewards. Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they look forward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life. (...)"

"(...) I now have time to repair my health, which was destroyed by the stress I layered onto myself over the past two years, as well as my entire life -- where I had to compete for spaces in universities and graduate schools, jobs and assets under management (...)"

Pushing the limits through hard work

This article discusses how junior Investment Bankers are pushing the limits through their hard work.

It relates to the earlier blog BBC Sleepless in the City