sell side

5 statements across 5 episodes · 1 bullish · 1 bearish · 5 people on the record · first statement Apr 23, 2018 by Michael Cembalest · across every show →

Everything said about sell side, oldest first

Apr 23, 2018 positive
Opinion
The buy side is an eight on meritocracy, the sell side two
“The bottom line is the buy side On a scale of one to 10 is a meritocracy is an eight, and the sell side is maybe a two or a three.”
Michael Cembalest Apr 23, 2018 ▶ 19:41 Michael Cembalest – Eye on the Market (Capital Allocators, EP.49)
Jan 28, 2019 neutral
Insight
Snider: Sell-side structuring prioritizes product volume while investing demands filtering for quality
“My job and when I was on the sell side was create a bunch of widgets, and the more widgets I could create and get out the door, the better. And now my job as an investor is evaluating all those widgets and only picking the best. So I really switched from quant…”
Donna Snider Jan 28, 2019 ▶ 9:36 Donna Snider – Inside the Investment Process at the Kresge Foundation (Capital Allocators, EP.84)
Mar 25, 2019 negative
Assertion Not checkable as stated
Dodd-Frank regulations severely constrained sell-side balance sheets and proprietary trading
“Dodd-Frank really neutered the sell side in a very big way. There's just not as many prop tests. They can't hold positions in these things overnight the way they used to, so their balance sheets are under constraint.”
Jordi Visser Mar 25, 2019 ▶ 43:28 Jordi Visser – Next Generation of Manager Allocation (Capital Allocators, EP.92)
Dec 2, 2021
Insight
Cook: Doing the opposite of sell-side recommendations predicts future alpha generation
“You kind of want to do the opposite of what the sell side tells you to do in our business, and it can actually be a very powerful predictive tool for future alpha generation.”
Will Cook Dec 2, 2021 ▶ 37:37 Will Cook - Sunriver Management (Manager Meetings, EP.22)
Sep 15, 2025
Disclosure
Eagle tracks where internal models diverge 5-7 years from consensus
“We have a dashboard internally. And what we do is we pull through all of our companies and we look at the earnings models that we have internally and compare them against analysts sell side. We look where we're out of consensus out five to seven years.”
Adrian Meli Sep 15, 2025 ▶ 46:43 Adrian Meli – Active Equity Excellence at Eagle (EP.459)
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