500 Hours Project
Sub-institutional investing by a Sub-terranean man
What is 500 Hours?
I am borrowing from my sleep, weekends, and personal time to create (another) Substack blog. Over the next year, I am hoping to offer something (hopefully) differentiated by writing about ~10 investment ideas that are Institutionally Constrained.
Let’s find the best ideas before the bigger guys.
I work for a sub-institutional, concentrated fund and it generally takes me about 50 hours to get a good initial feeling about a company. Instead of keeping the research internal, I want to experiment with socializing the investment process to see if it can be improved.
Most importantly, at the end of 500 hours, hopefully I/you will have gotten to know each other better and built a stronger investment community.
In order to make this project more impactful, I wanted to apply the following 5 filters to maximize the advantages in deploying new capital:
Ø Definable constraints by Institutional investors
Ø Secular growth stories
Ø Internationally biased
Ø Higher Risk / Higher Reward
Ø Multi-year (ideally longer) investment horizon
What to Expect
· 10 or so ideas or roughly 1 per month
· Cordial responses even with differing opinions
· Occasional Twitter Spaces / Live discussion
· No cost!
Please feel free to submit ideas!
Do Not Expect
· Portfolio management decisions
· An outsourced analyst at your beckoned call
· Troll behavior
About Me: I am a recovering sell side research analyst and investment banker who did a short stint in private equity before finally finding a home in a bootstrapped concentrated private fund.