I am a value investor with a bent for quantitative analysis. I got my start as floor clerk as the CBOE. While I have moved on to other professional endeavors, I have retained my passion for markets. I became a SeekingAlpha contributor because the user and contributor bases are host to an immense diversity of opinions and talent sets. Axioms to live by: * "GAAP is crap". - Me * "CAPM? More like CRAP-M!" * "The Crapital Asset Pricing Novel" - Me * "Post-Mortem Portfolio Theory " - Me * "The WACC is whack! " (another knock on Modern Portfolio Theory) - Me * "You have to understand the fundamentals first" - Aleks Chechkin * "You want to know about charts? All ships at the bottom of the ocean had charts; look where that got 'em!" - Bill McMahon * "If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes." - Peter Lynch * "The market can remain irrational for longer than you can remain solvent" - Keynes * "The time to buy is when blood is in the streets" - Baron Rothschild * "There is no such thing as a bad investment; just a bad price" * "The solution for high (low) prices is high (low) prices" * “You can’t compensate for risk by using a high discount rate.” - Warren Buffet, quoted at a 1998 Berkshire Hathaway shareholder meeting * "It is better to be approximately right than precisely wrong" - Warren Buffett * "There are two kinds of businesses: The first earns 12 percent, and you can take it out at the end of the year. The second earns 12 percent, but all the excess cash must be reinvested - there's never any cash. It reminds me of the guy who looks at all of his equipment and says, 'There's all of my profit.' We hate that kind of business." - Charlie Munger, Berkshire Hathaway 2013 Annual Meeting * "You can observe a lot by just watching." - Yogi Berra
My investments are based on fundamental, bottom up research often but not always in beaten down, under appreciated sectors, industries or geographies. I invest in companies that I believe exhibit excellent value, deep value, and/or attractively priced growth characteristics using a thorough and disciplined research process.
The two investment strategies that I manage are long only, long term, and invest in all cap sizes, in all regions.
As an entrepreneur for 20 years and three time recipient of the Inc 500 award, I hope that my experience running companies gives me an insightful edge in evaluating company managements and future company cash flows.
Zapraszam: http://cottaby.pl/dom,i,ogrod/meble,kuchenne,pod,zabudowe,s,10079/ Meble kuchenne skomponowane na indywidualne zamówienie i według wytycznych usługobiorcy to wyjątkowa możliwość wykonania swojej kuchni w sprzę.... Cottaby - katalog stron internetowych. Profesjonalny, zadbany i moderowany. Dodanie strony www do naszego katalogu stron to najlepsza metoda na pozycjonowanie. Nie czekaj, wykorzystaj ten katalog do promocji Twojej strony. Zapraszamy.
I'm a well-informed retail investor and post on SA in order to expose my thought process to critical examination and comment from readers. It makes me a better investor.
I'm particularly proud of bullish macro articles posted in 2009 and later, in which I presented ideas that encouraged me to invest very profitably in a rising market. I also did articles on individual stocks, many of which contained insights not available elsewhere. Finally, I wrote a number of thoughtful articles critical of financialism and the lack of ethics on Wall Street.
I do not post for compensation, as I am concerned that editorial policy encourages and pays a premium for articles that invite the reader to speculate on the short term movements of microcaps, penny stocks, and controversial issues. The best way for me to monetize my insights is to invest accordingly.
As a retail investor, I don't give investment advice. I write about what I'm investing in, and the thought process involved in decision making and stock selection. Hopefully some of what I write is of benefit to others, by sharing my experience as I interpret it and helping them improve their investment thinking and process.
Zapraszam: http://aquafen.pl/internet,i,komputery/ciekawy,katalog,stron,www,s,11053/ W naszym katalogu stron internetowych można odnaleźć dużo witryn, które są posegregowane na płaszczyźnie konkretnych kategorii. Każdy użytko.... Katalog stron Aquafen - to profesjonalny, wartościowy spis polskich stron internetowych w jednym miejscu. Zapraszamy do dodawania wpisów do naszego katalogu stron!