I am the President and Portfolio Manager at Motiwala Capital LLC, a Registered Investment Advisor in the state of Texas. I employ a value oriented investment philosophy. I look for quality companies that have strong balance sheets, produce stable free cashflow and generate above average returns on capital. We purchase at attractive discounts to their intrinsic value. I started managing separate accounts in 2011. Currently managed $5.4million in assets. Please find presentations, interviews and client letters at www.motiwalacapital.com
To follow me click the "Follow" button! (Easy right?) Kumquat Research is a college student and fund manager who has been investing for 4 years. He writes mostly about the technology sector and about event-driven and momentum opportunities across various industries and sectors. He is currently studying for degrees in both finance and computer science at the University of Maryland. Some of his interests include technology, software engineering, drumming, video games (developing and playing) and astronomy.
I have an MA in Economics from The George Washington University and an MBA in Finance from Columbia and a CFA.
I work for a financial services company in the product development and credit areas, with over 30 years experience. All trading by myself and family members is pre-approved to ensure no conflict of interest.
I consider myself a long-term buy & hold investor with a focus on US equities. My preference is for reasonably valued companies that are leaders in their field (preferably with a defensible moat) that generate significant cash flow long-term. I also attempt to take advantage of what I consider market overreaction and herd mentality to the companies that I follow.
My academic background is in Engineering and management.
Besides one basic accounting course at university my investment knowledge is self-taught.
Reading books, SEC filings, annual reports, analyst reports, blog posts, MOOCs, message boards and listening to select podcasts and conference calls has helped me enormously to evolve as an investor.
Formerly of the buy side now an aspiring beet and raspberry farmer. Soon to be expired CFA Charterholder. I like long walks through the aisles of Aldi, dark roast coffee from Tim Horton's, and climbing mountains on two wheels.
The posts are meant to be informative and hopefully insightful. I write to share my ideas, highlight some interesting stories and to interact with other investors - please feel free to contact me if you'd like to chat further.
I make lot's of mistakes so please do your own due diligence. I don't intend to aggressively promote stocks but it's fair to say I am often talking my own book.
I'm a professional poker player with an interest in investing. My investing style is build on the principles of Graham and Dodd: trying to buy companies that are on sale and have a margin of safety in case the investment thesis is wrong. I discuss all my picks at my blog @ alphavulture.com
The Sova Group is a private investment fund managed by Matt Brice. As principal of The Sova Group, Matt Brice has been managing investments since 2009. Prior to founding The Sova Group, from 2007 until 2009 he worked as an associate attorney in the Mergers and Acquisitions group of Debevoise & Plimpton LLP, an international law firm based in New York City. Mr. Brice holds a B.A. in Philosophy from Brigham Young University and received his law degree from Columbia Law School.
Are you looking for a bit of Northern Exposure in your portfolio> Hi I'm Cameron Conway, an escaped Winnipeger now living in Vancouver B.C. Since 2013 I've been writing about how Canadian investors can best navigate the stock market by exploring the top companies on the TSX. This includes energy, transportation, banking and Canada's limited tech sector.
My goal is to help investors go further into understanding how the everyday stories of a company can influence its stock prices.
Current holdings (All TSX) CNR CPG ENF RY WJA
Investing has been my hobby for many years. I am an engineer in Silicon Valley.
I am not an investment adviser. None of my writings should be interpreted as investment advice. Please get an investment adviser and do your own due diligence before investing.
Heath Winter is the Managing Partner of ArbitrOption Capital Management, LLC and is responsible for research, trading, and portfolio management. Prior to forming ArbitrOption, Mr. Winter was Director of Research for the event-driven and special situations strategy of Silverado Capital Management from 2005 until 2009. Mr. Winter’s responsibilities at Silverado included generating investment ideas as well as researching positions and managing the portfolio. In addition, Mr. Winter was employed as an Analyst at M.H. Davidson, LLC in 2003 and as a Merger Arbitrage Analyst at Swidler Berlin Shereff Friedman, LLP from 2000 to 2002. He graduated with an MBA in Finance and Economics from Columbia Business School in 2004 and a BA in International Affairs from The George Washington University in 1997.
Jonathan co-founded Booth-Laird Enterprises, LLC in 2007 and serves as the company’s chief executive officer. He is primarily responsible for structuring and overseeing the company’s vision of wealth creation via value-decision making, setting an appropriate culture, and overseeing the company’s investments.
Jonathan is a Chartered Financial Analyst and a Certified Public Accountant. He was awarded the 2006 Elijah Watt Sells award for scoring one of the 10 highest scores in the nation on the 2006 CPA exam. He also passed all three levels of the CFA exam on his first attempt. In addition, he was awarded the 2008 “Top 40 Under Forty” award from the Greater Baton Rouge Business Report, which is given annually to the forty men and women under the age of forty who have earned the most personal and professional achievements or made the most significant impact in the Greater Baton Rouge area.
He worked for three years as an auditor with Ernst & Young, LLP and KPMG, LLP, two of the four largest accounting firms in the world. At both firms, he was rated “exceptional performer” every year and was entrusted with responsibilities above his level within months of starting with each firm. He audited both public and private companies in a variety of industries, including acting as the lead audit senior on a Fortune 500 company. He was regularly assigned the most complex accounting issues and the most challenging audit areas. As a result of his experience, he has developed an astute understanding of risk management, team management, optimal business processes, effective corporate governance practices, and various industries and business models.
While at KPMG, he served as the only South Louisiana member on the KPMG Point-of-View group, an internal group of highly rated employees across the United States focused on strategic initiatives and determining best practices.
Subsequent to KPMG, he worked for a year in Governor Bobby Jindal’s administration as the Assistant Director of State Economic Competitiveness, a subgroup of the Department of Economic Development charged with helping to shape the State’s economic policy in addition to various other tasks. Among a number of other significant projects, he helped craft the department-wide business plan for Fiscal Year 2009-2010, which further developed his strategic planning capabilities. He also met with representatives of the business community to help resolve issues or to hear proposals, which gave him further insight into various industries and business models.
Jonathan earned a bachelor’s of science in accounting from Louisiana State University, graduating summa cum laude, and earned a master of science in accounting from Louisiana State University, graduating top of his class with a perfect 4.0 GPA.
Full-time investor. Formerly buy-side credit analyst (2yrs) covering Japanese + Asian companies. Before that, I was a cross asset derivatives salesperson at a large bulge-bracket firm, based in Tokyo (4yrs). I use Seeking Alpha to clarify and synthesize my investment thought process and to elicit feedback on my theses; additionally I like to connect with other investors and swap ideas.
You can read my finance-related blog at rapercapital.com (less organized than Seeking Alpha writeups, more my random musings on various finance-related topics).
Going forward I will try to tweet my investment-related thoughts/updates to articles/etc. You can follow me on Twitter, my handle is @puppyeh1
Always looking for new ideas across the board. Happy to exchange ideas/share thoughts/swap notes, feel free to private message me. I currently live in Singapore.
Investment manager at Rugged Group LLC, an independent, fee-only registered investment advisor based in New York that I formed in August 2015. Find out more and follow my blog here. Email: brian [at] ruggedgrp [dot com]
Andrew Walker, CFA, is a portfolio manager at Rangeley Capital LLC with a focus on small cap special situations investments. Mr. Walker also contributes to Sifting the World, a value investing forum.
Please note that I do not read comments posted here, nor respond to messages here. I don't have the time. If you want my attention, you must seek it directly at my blog.
Aswath Damodaran is the Kerschner Family Chair Professor of Finance at the Stern School of Business at New York University. He teaches the corporate finance and equity valuation courses in the MBA program. He received his MBA and Ph.D from the University of California at Los Angeles. His research interests lie in valuation, portfolio management and applied corporate finance.
He has written three books on equity valuation (Damodaran on Valuation, Investment Valuation, The Dark Side of Valuation) and two on corporate finance (Corporate Finance: Theory and Practice, Applied Corporate Finance: A User’s Manual). He has co-edited a book on investment management with Peter Bernstein (Investment Management) and has a book on investment philosophies (Investment Philosophies). His newest book on portfolio management is titled Investment Fables and was released in 2004. His latest book is on the relationship between risk and value, and takes a big picture view of how businesses should deal with risk, and was published in 2007.
He was a visiting lecturer at the University of California, Berkeley, from 1984 to 1986, where he received the Earl Cheit Outstanding Teaching Award in 1985. He has been at NYU since 1986, received the Stern School of Business Excellence in Teaching Award (awarded by the graduating class) in 1988, 1991, 1992, 1999, 2001, 2007, 2008 and 2009, and was the youngest winner of the University-wide Distinguished Teaching Award (in 1990). He was profiled in Business Week as one of the top twelve business school professors in the United States in 1994.
Editors' Note: Seeking Alpha monitors Dr. Damodaran blog and posts relevant articles on his behalf.
With a value lens, Hemlock Partners ("Hemlock") is dedicated to uncovering the market's best investment opportunities. Our team brings a common-sense approach to a marketplace which often trades on an irrational greed-and-fear cycle. We view this predictable pattern not as a challenge, but an opportunity.
Hemlock's Asset-Rich Investment Service is designed specifically for individual investors with a long-term investment horizon. The cornerstone of the service is to acquire solid companies at bargain prices. These golden occurrences arise when a company’s share price trades at a dramatic discount to the firm’s intrinsic value, and even better, below its liquidation value.
From time to time, Hemlock will also selectively short a security which appears dramatically mispriced given our proprietary research and expertise.
Opinions expressed here are reflective of the Hemlock team as a whole.
I invest in situations where momentum stocks are priced beneath the growth rate. I also have expertise in recognizing potential catalysts. I invest part-time in addition to my duties as a sports business professional.
Laughing Water Capital is a concentrated, long biased investment partnership open to accredited investors. We focus on owning pieces of businesses that are suffering from temporary problems or that are misunderstood by the market due to the vagaries of GAAP accounting or some sort of structural impediment. We consider our portfolio companies to be our partners, and we look for our management teams to have significant equity ownership in our companies. Properly incentivized, we expect our management teams to guide the company past their problems, at which point we will benefit from operational improvement and multiple expansion. Patience is essential.
Richard Fearon founded Accretive Capital Partners in 2000 to invest in the highly inefficient market of small and micro-cap equities utilizing his private equity expertise.
Previously, he founded and managed the Chicago office of Allied Capital Corporation, a $4 billion private equity investment fund and the oldest publicly-traded business development company in the United States, until acquired by Ares Capital Corporation. He was Managing Partner of Allied Capital Midwest and a Principal of Allied Capital Corporation from 1993-2000. Prior to Allied Capital, Mr. Fearon was an investment banker at Morgan Stanley & Co. and PaineWebber Incorporated.
Mr. Fearon earned an MBA in Finance from the Wharton School of Business, attended the Stockholm School of Economics, and graduated with a BA in Chemistry and Anthropology from Williams College. He was also a graduate of the Hopkins School, where he was a 1984 Connecticut State and All-New England Wrestling Champion and was inducted into the National Football Foundation and College Hall of Fame as a Scholar-Athlete.
Mr. Fearon is a member of the Board of Directors of Nutrastar International Inc. (OTCQB: NUIN) and has served on the Board of 15 private companies, including as Chairman of Magna Card, Inc., where he was awarded United States Patent 7225568. He currently serves on the Hopkins School Alumni/ae Association Board of Directors and, since 2011, has served as an Advisory Board Member to the Catalyst Network Foundation, a non-profit organization offering career development and networking tools to under-served and high-potential inner-city youths and veterans.
After graduating cum laude with a BA in economics from Harvard, I worked in hedge funds and investment banking for ~6 years before leaving to manage my own money full time. I am a CFA charterholder and focus mostly on microcaps / event-oriented trades as that is where I think the market tends to be least efficient. I also started a website to track interesting arbitrage opportunities for individual investors (link below) - check it out!
Asia/U.S. Deep-Value Wide-Moat Stocks is a research service for value investors seeking value stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders).
Those who believe that the pendulum will move in one direction forever—or reside at an extreme forever— eventually will lose huge sums. Those who understand the pendulum's behavior can benefit enormously. ~ Howard Marks
Investment ideas for Asia/U.S. Deep-Value Wide-Moat Stocks are generated from screens, insider trades, 13Fs, fund manager letters, analyst reports, blogs and forums. The initial ideas sourced are subsequently evaluated using The Cheapness-Safety-Quality (CSQ) framework, applying customized investment checklists to ask the right questions of the investments in question, along the dimension of cheapness, safety and quality. Asia/U.S. Deep-Value Wide-Moat Stocks' value investing philosophy borrows from the wisdom of value investing gurus, using both quantitative screens and qualitative inputs to filter the global stock markets for investment ideas.
I am a senior in college who has been investing since sophomore year. My investment style has shifted around from undervalued quality companies, to deep value, to deep value with free options/growth with free options. Over the past two years my personal account has compounded at 20%.
My current portfolio consists of nano-cap companies with experienced and shareholder-aligned executive management. Going forward, the ideas that I publish on this site will probably be written about various nano-cap companies.
I don't think I am smart enough to predict the fundamentals of companies. Some of my early investment failures revolved around the confidence that I placed upon my financial modeling. I now also stay away from companies that are largely driven by the price of commodities. I believe that if I have to model out a company's cash flows into the future with excessively granular assumptions, an investment in that company is simply not worth it.
Here's a quotation from my favorite investor, Michael Burry, that summarizes my current approach to investing:
"I typically look at actions rather than words - much as I wouldn't call the CEO of EE to ask why he's selling 91% of his position into a buyback and expect an ugly picture, I wouldn't call the largest shareowner of a company who has been buying back a lot of shares and establishing a terribly illiquid position alongside a share buyback and expect a pretty picture. The motives in both cases may cause the story to run counter to their actions." (Source: valueinvestorsclub.com)
Individual Investor. Formal Education Accounting/Finance. I have a degree in Accounting from Quinnipiac University. I have over 20 years of trading experience having gained perspective from trading through the implosion of both 2000 Internet crash as well as the 2008-2009 Financial meltdown. I have garnered a high degree of market discipline with respect the asset pricing. I am interested in the relationships between macro level events and how they influence investments at at a micro level. I am a bottoms up stock analyst but seek broad market context as well in evaluating specific company stock pricing. Broad market trends have significant ramifications relative to individual stock issues. Investments are relative, so a study in all asset classes in critical.