Getting someone to mentor you is one of the best things that you can experience. The importance of a mentor in one’s career cannot be stressed out enough. Sandy Chin had no doubt seen the importance of mentorship and discussed it in an interview. She met her mentor while working at Donaldson, Lufkin, and Jenrette. Over the years, she has learned a lot from William Leach. She has been under Leach’s mentorship for ten years.
Building a relationship with your mentor is essential. She got hired by Bill Leach to join the food stocks team while working at Donaldson, Lufkin, and Jenrette. Bill had been one of the top analysts for years. He gave Chin the opportunity to attend meetings with him, which gave her a chance to learn more about valuing staple stocks.
Hardships are always there, and Chin has gone through difficulties as well. Her mentor was there to help her out. She got help during a time when she was attending Stern business school program and at the same time had to launch a coverage. Bill supported her and helped her schedule for the business school and the companies to start. The business school took two and a half years. For all this time, Chin’s mentor was there to guide her. Her mentor enabled her to manage her sector as well as meet her academic goals.
You will no doubt learn a lot from your mentor. There are several valuable lessons that Chin learned from her mentor. One of the experiences was not to turn down a meeting even if it is for a small company. Such meetings can enable you to get information that will help you build a higher conviction. The other lesson Chin learned was to develop quarterly models. You can only be confident in the numbers when you create the models by yourself.
Leach also taught Chin always to ask questions when in meetings, conferences and earning calls. By doing so, you can develop a good relationship with management. To have a stable relationship with a company requires you to have an understanding of the company.
Mentorship is vital for anyone who wants to progress in their career. Chin has no doubt learned a lot from her mentors. Leach has guided her to the right path for all those years. It may not have been possible for her to be where she is now without the help of her mentor.