Your upside
n/a. No current positions available.
Ways to stand out from the crowd
• Independent thinking. This means that you look at things independently, and periodically this is different from how others think, and you will be comfortable with these mismatches – often because the facts and odds are on your side.
• Accounting and numbers are a major component of our ‘language’, and so you will need to be well-versed in accounting, specifically recognising the tricks, limitations, and flaws of accounting, and be numerically astute.
• An abundance of intellectual honesty. While other firms look for intellectual curiosity, we think intellectual honesty is more important and is what ultimately drives enduring curiosity. We have observed people who are curious and passionate about a particular field, only to proclaim, and then assert their expertise. You need to know your pitfalls and exploit others’.
• An open mind. Not all tricks are delivered the same way. It is not only about fooling some of the people all of the time, but also fooling those who survived the initial version with the next round of bullsh*. The only way to sidestep this is to be genuinely open-minded.
• First-principles thinking. A collection of analogies, rules of thumb, generalisations, or conventional norms do not sit well with us.• Verifiable history in stock picking (not mandatory)
What we need to see
• Learnings of concepts/models/principles from multiple fields. This is relevant because a person investing in a basket of companies using, say, only a finance and accounting approach or a historically oriented, past data-driven, backward-looking approach will not be able to see what is in front of them. In fact, such an investor would be distorting and conforming reality into a singular model, and the decisions made would be subject to severe shortcomings.
(As a side comment: one source of alpha/competitive advantage is the ability to imagine a different future—one that is entirely plausible based on logic and the 'rules of the road,' that has factored in various behavioural and psychological layers (i.e., entirely non-logical, yet real, and some understood through neurobiological determinism), where you believe this future could happen, mentally prepare many alternate scenarios, and then manage the risks of any deviation from these paths.)
• Undergraduate degree with academic transcripts
• Legal right to work in Australia
What you didn’t know about it’s like at Andaz
• We’re a very small team. This is one of our advantages but may not be for everyone.
• The hours are truly flexible. Everyone produces high performance differently.
• Results are what is counted. There are other companies where being political pays, but we’re not one of them.
• Our existence is entirely discretionary, and so the focus is intensely on obtaining high performance. In financial market activity, you're rewarded for the lessons you've learned that others have yet to ascertain. So, if you're the kind of person who seeks daily improvement, new learnings and new algorithms, you'll most likely fit in wonderfully. If not, you're probably going to rub us the wrong way.
• Reputation matters tremendously to us. Obtaining the number one performance is not easy, but being number one in integrity is easy because that is simply a choice. We can go straight to the top on that measure.
• Part of the strategy is to operate very frugally. Constraint, self-imposed or otherwise, hyper-activates a different part of the mind. Use this to your advantage, or avoid the opposite outcomes. A lot of product development in our world is designed to reduce self-sufficiency, idle creativity, and inactivate resourcefulness.
• Unlike others in the industry, we believe intellectual honesty trumps intellectual curiosity — to repeat ourselves.