When I started my career in 2003, I “confidently” counted myself among the elite few from my MBA college to have made it to the lucrative “equity research” industry (MBA + campus placement + finance job = Overconfidence!)
I thought I had a wonderful chance to bring into practice whatever I’d learnt during my specialization in Finance, and especially things I’d learnt reading the subject of “Security Analysis and Portfolio Management”.
Things looked great till about early 2006, while I was still learning the “tricks” of the trade – the concepts of CAPM, beta, and efficient markets seemed so relevant.