Public Markets. Equities, macro and systematic strategies.

Public markets offer what private deals cannot: a verdict within weeks. A thesis on a listed company can be checked against price, filings and results almost immediately, which makes this desk the initiative's most honest teacher.

Members cover single names, sectors and systematic approaches. Every idea is written up with the reasoning for entry, the conditions under which it is wrong and how it will be monitored. Positions are reviewed against the original case rather than against the price alone, because a correct call for the wrong reasons is still a mistake. The desk does not manage outside money.

What a member takes away

Reading filings and earnings calls critically, building a valuation that holds up and reviewing one's own thesis without excuses.