WCM built a proprietary journaling app to log and analyze all decisions
Sanjay Ayer · Sanjay Ayer – Think Different and Get Better at WCM (EP.366) · Feb 5, 2024 · at 47:30
Sanjay Ayer, Portfolio Manager and Co-Head of Research at WCM Investment Management, describes the firm's internal tooling built to systematically capture and analyze investment decision data.
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“And one major initiative we actually completed recently to address this feedback quality problem in investing is building out a fully fledged proprietary journaling app that's custom made for investing. And so we've long here at WCM had a journaling culture to help create that raw material for learning. But it was highly scattered. Think Evernote journals, Excel spreadsheets, who knows, sticky notes. And we decided if we really wanted to be serious about high quality, high signal feedback, we needed to really step up and centralize this raw material for learning. So we spent a lot of time, a lot of money building an application. We called Project Everest that centralizes all this learning, raw material, and provides a really easy user interface for analysts to enter your entries. And eventually do analytics on this data over time. And so, you know, really everything we do and all decisions we make, not just buys and sells, but passes, random predictions we make in the office, it's logged in there and tagged with a whole host of custom tags that we've created.”
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