How a professional investor picks stocks (w/Michael Lasota) Part 1

Video Description

Want to get into the mind of a professional buy-side investor? This interview is with Michael Lasota, an investor with 13 years of experience at asset management firms like William Blair and T. Rowe Price. You'll learn Wall Street wisdom for investing in the stock market: -How a buy-side investor makes money in stocks. -The types of stock setups he looks for. -How he thinks through decisions. -How he finds dominant trades to maximize returns. Upgrade your investing: 🎓 Stock Investor Accelerator Program → https://learn.henrychien.com/SIA-website 📙 Better Investment Decisions → https://henrychien.com/book/ 📽️ Free Masterclass – 3 secrets of professional investors → https://henrychien.krtra.com/t/uUAlHBsQFfdT 🔧 Financial Model Updater → https://www.financialmodelupdater.com Discount links: 📈 Get 20% off a Koyfin Subscription → https://www.koyfin.com/affiliate/koyfin-with-friends/?via=henry-chien Subscribe for new videos each week! Check out Michael Lasota's research: https://www.copernicus-ir.com/about Topics: 00:06 Introduction 01:56 Michael's origins and career start 03:57 Starting in the Buy-Side in the Financial Crisis of '08 06:49 Recommending Marriott 08:20 Making Money in Dislocations 11:26 Investment Process (How to develop ideas) 13:02 Look for Asymmetry 14:14 Catalyst & GARP style 15:52 Looks for high-quality business models: high margins, return on capital 16:52 Industry setups tend to drive returns 19:43 How do you make buy and sell decisions? 21:23 Creating earnings scenarios 23:30 Thinking through distribution tails 26:28 Dominant trade in energy 29:58 EQT thesis: a natural gas investment idea 34:14 Thinking through the natural gas cycle 37:16 Relative value trades: oil versus gas 39:44 Why EQT versus other gas producers? 43:38 Short-term Wall Street incentives Subscribe for new videos each week! #investing #stockmarket #stocks