Thread by @b50

Ok a quick thread on equity research since so many people have jumped into equities.

Good news? equity research today is more freely and more widely available than ever before. Bad news? most of it is mediocre. There's a reason why they're free.

There are plenty of blogs too that do a pretty good job of writing about stocks and markets and stuff. But they're a) not updated frequently b) full of intrusive ads c) not always high quality.

Then there are open forums and groups that are free to join but they're either too specialized (which is good if you're into that area) or too 'kya lagta hai'. Few of them even circulate institutional research .

Then there's data analytics and good lord there's so much cool stuff out there from Screener to @Tijori1 that are so damn good.

And finally, there's premium subscription services that offer combinations of equity advisory, tips, forums, content, etc. Maybe there's quality here but I don't know for sure.

But I'd say that the best equity research is still churned out by the guys in the business - buy side and sell side. Sell side research is clients only and not in public domain. You can get it via contacts but it's not freely available.

I think buy-side research is the breakaway story of the past few years. Mutual funds, PMS, AIFs, etc are doing a great job here of detail and depth.

But buy side research either goes to distributors (mutual funds) or clients (PMS). Again, not easily and freely available. And that's why..

The @MarcellusInvest newsletters are simply outstanding in their depth and rigour. They're also freely available. The only PMS that does so. Yes this is a recommendation, no it's not paid although...

Fair disclosure: I'm honored to be a co-author with Saurabh @MarcellusInvest on #TheVictoryProject. Fin.