My Name is Harris Kupperman and I’ve been successfully investing in the markets for over a decade. In 2003 I started a hedge fund, Praetorian Capital, so that others could invest alongside me. I am also the CEO of Mongolia Growth Group (YAK: Canada). I cannot talk about the company on a public website like this, however, if you want to learn more about the company, please visit our website at http://www.MongoliaGrowthGroup.com.
10 years of buy-side investment experience.
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My work consists in procuring investment situations for clients where the estimated monetary value of a quoted financial security is significantly higher than its market cost; thus establishing a margin of safety in investments that allows for market outperformance and a lower risk profile in the long term. During this time I have successfully identified and invested in inefficiently priced financial securities that with few exceptions have outperformed global equity markets.
My experience is further divided into two types of investments:
1.) General Equity Investments: Investments in companies whose true value is unrecognised by equity markets.
+Asset Value. Shares of companies selling for much less than their net asset value, liquidation value or those that have substantial hidden assets.
+Earnings Power Value. Shares of companies selling for much less than their cost of capital times their earnings, normalised earnings or their earnings potential.
+Great businesses at great prices. Shares of companies with excellent ROIC levels and competitive advantages selling for a price unreflective of such characteristics.
2.) Special Situations: Financial opportunities characterised by an unlocking of value via a complicated or uncommon financial structure that tend to be disregarded by market participants.
To realise the aforementioned investments, I read a great number of financial documents, reports and news articles daily and analyse and model my findings. While doing so my strategic framing and approach is two-fold:
+ Defensive Strategy: Monitoring and analysing the composition of the client’s securities portfolio and acting accordingly when the estimated value of a financial security changes.
+ Offensive Strategy: Exploring the global marketplace in search for investment opportunities, analysing them quantitatively and qualitatively and comparing them to the client’s opportunity cost (i.e. cash, current portfolio positions or other potential investments).
I'm a former senior corporate finance professional and hold an MBA with specializations in Finance and International Business. I've also passed the CFA Level I exam. I have extensive experience in the emerging markets & leveraged finance spaces and a long history of working on debt refinancings, recapitalizations and leveraged buyouts. I also have over 20 years of investment experience in both the public and private markets. At present I spend most of my time analyzing companies and investing in public and private equity.
I enjoy sharing my views with other readers, learning from their experiences and contributing from mine. Everything in the comments and articles that I write and publish is strictly my opinion. It is your responsibility to research and analyze any company I recommend after reading my article prior to investing. I am not a registered investment advisor and am not in the business of making investment decisions for anyone besides myself. Do your own research prior to buying any security that I follow or write about. I would also suggest that you consult with your financial advisor prior to taking any action after reading an article that I wrote. See Seeking Alpha's policy on anonymous authors.
Finance graduate with professional experience in commercial banking. Successfully passed Level I of the CFA Program (June 2016). June 2017 CFA Level II candidate.
I write about Lithium junior E&P players on the TSX Venture.
A father-son team sets out to help the eight year old (now nine year old) son achieving his financial goals. We established an portfolio using $1000 the little guy saved during the past three years. We use a dynamic asset allocation strategy that allocates ETF holdings between equity and bond. The little guy will publish his holdings and performance monthly. He is helping with gain/loss calculations and will participate in the investing decision making when he turns 10.