Andy Harless is an economist specializing in macroeconomics, with particular interests in labor and finance. Since finishing his doctorate at Harvard University in 1994, he has been involved in a number of projects related to economics, including writing econometric software, developing quantitative methods to forecast US Treasury yields, and co-authoring The Indebted Society with James Medoff. He also has experience trading several types of financial futures. His occasional writing has appeared in various publications such as Barron’s and Grant’s Interest Rate Observer. Currently he is Chief Economist at Atlantic Asset Management (http://www.atlanticasset.com/). Opinions expressed in his articles (as well as any errors or omissions) are entirely his own and do not necessarily reflect those of Atlantic Asset Management or its officers. Visit his blog: Employment, Interest and Money (http://blog.andyharless.com)
I am an individual investor in a quest to minimize portfolio rotation.
I am agnostic in terms of growth vs value, but lacking the time, the resources and (most importantly) the brains, I tend to look more among the latter set of opportunities.
I am professionally versed in the European upstream O&G arena, but skeptic on its future (and optimist about the clean-tech momentum of California).
One could argue I should have an edge in European stocks: I am from Spain and based in the UK, but like Buffett says, it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. So my portfolio is OW US and UW Europe.
N.B. If some of my comments are overly cynic, don't be offended, just an invitation to look after your $ more carefully.
Interested in technology and financial markets. Undergrad in engineering, MS in Comp Sci and an MBA in finance. Building tools for individual investors to make more informed decisions about the stocks and mutual funds they choose.
Identify businesses that have long-term sustainable growth opportunities and are trading at a good value.
Boutique state-registered RIA, specializing in (1) liability driven investment strategies and (2) an active investment strategy focused primarily on macro, small/micro cap, and distressed opportunities.
I look for opportunities to invest where the expected value is sufficiently greater than the cost to invest and look to invest the appropriate portion of the total funds available. To make a gambling analogy, a highly favorable investment would be one where you could invest $1 on a flip of a coin and receive $10 if it flipped heads and lose only $1 if it came up tails. However, you would not want to invest all of your funds because you would be broke if the coin turned up tails. Thus, the goal is to find investments where the edge is sufficiently large and then invest the appropriate portion of the funds. The Kelly formula provides a theoretical basis for the appropriate percentage of total funds to invest in a single opportunity.
However, in the real world, the precise odds are rarely known. Thus, I seek to develop the ability and obtain the knowledge to calculate the odds with a degree of accuracy, and conservatively enough, to be able to make intelligent invesments.
With regards to equities, which I have primarily invested in, I seek to understand the economics of the business so as to evaluate its potential for long term success or failure. I seek to use this understanding, along with an examination of its financial statements, to determine if the company is undervalued or overvalued. I may then decide to go long undervalued companies and I may decide to short overvalued companies. My preference is to find companies to purchase, rather than to short.
Harold L. Vogel, Ph.D., CFA, is CEO of Vogel Capital Management in New York City and former Adjunct Professor of Finance and Economics, Columbia University Graduate School of Business. He is author of Financial Market Bubbles and Crashes, 2nd ed (2017), Entertainment Industry Economics, (9th ed. 2015), and Travel Industry Economics, (3nd ed. (2016). Articles include "An Analytical Review of Volatility Metrics for Bubbles and Crashes (with R. Werner), International Review of Financial Analysis, March 2015.
Arnold Landy is a registered investment advisor, managing clients' funds since January, 2006.
His previous careers include: small business owner, analyst for "The Value line Investment Survey," urban planner/analyst for State of New Jersey, school teacher in Jersey City, carny at state and county fairs (good training for being a skeptic on Wall Street).
Just a small town guy in flyover country who likes to think about economics and finance, ever since taking a course from Larry Meyer in Washington U. in St. Louis many years ago...before he became a big Fed-head. He personally scammed me out of a dollar to "save the whales," and I've been intrigued ever since.
Recently retired. Former career in executive financial positions within the financial and professional services industries. I manage the majority of my own portfolio, with a smaller portion handled by an investment management firm. I like the extra income generated from selling puts & calls on quality stocks.
John Lux is a former market maker, investment banker, security analyst, venture capitalist. He works now as a financial consultant for venture and public companies and as a private investor. He has degrees and experience in law and quantitative analysis. He is the author of several books, including "How to Find a Home Run Stock," How the Shorts Raid Your Stock, Destroy Your Company and What to Do About It," "Bash the Stock Bashers!," and "How to Pick Hot Reverse Merger Penny Stocks."