We have been running our internship program since 2014, hosting over 50 college students and MBAs for paid internships at our firm. The centerpiece of our internship is a daily seminar-style class taught by the partners at the firm. This class covers a wide range of material, from academic finance to accounting to corporate strategy and, of course, Verdad’s own investment theories.
We decided earlier this year to share our syllabus for this class with you, our readers. We don’t know precisely how this might be useful; perhaps some new to investing will use this as a self-taught course or others who run investment firms will use elements of this for their own interns. But we do know one group of folks we intend to share this with, which is every college student or MBA who applies to our internship but who we can’t accept - this this will hopefully provide those we can’t teach in person with some of the key elements of our thinking that we share with the select few we work with in person.
The credit for compiling this syllabus goes primarily to our summer intern, Aaron Rossi. Aaron (who will be interning with Fidelity next summer) took meticulous notes on the readings and the seminars and worked with us to synthesize and formalize the curriculum here. We would welcome your input on our syllabus: what are we missing, what is now outdated, what is redundant? We hope that we can open source our syllabus and improve by sharing.
Disclaimers:
This does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. This information generated by the charts, tables, and graphs presented herein is for general informational and general comparative purposes only.
This document may contain forward-looking statements that are based on our current beliefs and assumptions and on information currently available that we believe to be reasonable, however, such statements necessarily involve risks, uncertainties and assumptions, and investors may not put undue reliance on any of these statements.
References to indices or benchmarks herein are for informational and general comparative purposes only. Indexes are unmanaged and have no fees or expenses. An investment cannot be made directly in an index.
The information in this presentation is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. Each recipient should consult its own tax, legal, accounting, financial, or other advisors about the issues discussed herein.
