Verdad's Intern Curriculum

We have been running our internship program since 2014, hosting over 50 college students and MBAs for paid internships at our firm. The centerpiece of our internship is a daily seminar-style class taught by the partners at the firm. This class covers a wide range of material, from academic finance to accounting to corporate strategy and, of course, Verdad’s own investment theories. 

We decided earlier this year to share our syllabus for this class with you, our readers. We don’t know precisely how this might be useful; perhaps some new to investing will use this as a self-taught course or others who run investment firms will use elements of this for their own interns. But we do know one group of folks we intend to share this with, which is every college student or MBA who applies to our internship but who we can’t accept - this  this will hopefully provide those we can’t teach in person with some of the key elements of our thinking that we share with the select few we work with in person.

The credit for compiling this syllabus goes primarily to our summer intern, Aaron Rossi. Aaron (who will be interning with Fidelity next summer) took meticulous notes on the readings and the seminars and worked with us to synthesize and formalize the curriculum here. We would welcome your input on our syllabus: what are we missing, what is now outdated, what is redundant? We hope that we can open source our syllabus and improve by sharing. 

We hope you enjoy and find this useful.