Elliott Orsillo, CFA is a founding member of Season Investments and serves on the investment committee overseeing the management of client assets. He spent nearly ten years as a financial analyst and portfolio manager prior to co-founding Season Investments. Elliott earned a bachelor's degree in Engineering from Oral Roberts University and a Master's of Science from Stanford University with an emphasis in Finance. He also holds the CFA charter. Elliott and his wife Gigi have three children and like to spend their time outdoors enjoying everything the great state of Colorado has to offer.
24 years of financial industry experience:
Neosho Capital (2004 to Present)
Brandes Investment Partners (1996-2003)
Director of Mutual Fund Portfolio Management
Cooley Godward Huddleson and Tatum (1993-1996)
Associate, Securities Law
Union Bank of Switzerland (1989-1990)
Credit Officer, Leveraged Buy-outs
Marine Midland Bank (1986 - 1989)
Credit Officer, Leveraged Buy-outs
Stanford University Law School - Juris Doctor (1993)
Oxford University – Master of Philosophy, Management Studies (1986)
Southern Methodist University Bachelor Business Administration (1983)
Member, State Bar of California
CFA Charterholder (2000)
SSR is the product of the principals of Sitka Pacific Capital Management, LLC (SPCM) and is intended to improve communication with clients of SPCM and share our strategy and research with paying subscribers. SSR will feature timely and in-depth analysis and discussion of market cycles, fundamental trends, valuations, and macroeconomic issues, among other things. The goal of SSR is to give readers our often uncommon perspective to empower a deeper level of thinking and understanding to improve their own decision making.
SSR subscribers will receive:
A comprehensive monthly strategy letter
A shorter mid-month insight note
It is very hard or impossible to time the broad market consistently — there are no famous investors that got rich by consistently knowing what the broad market would do next. This only makes sense, as there are just too many variables in the broad market. But there are many famous investors who got rich analyzing individual securities, and this is where you should put your focus. You can get an edge in individual securities. Joe Springer was the number 1 ranked stock analyst in the world by tipranks.com, and on most days is still ranked in the top 5%. Joe is a Certified Technical Trainer, and enjoys teaching about the stock market as well as managing portfolios. If you would like to follow Joe on Twitter, his handle is @JoeSpringer.
I run a model fund at Ken Kam's Marketocracy, where they do capital management using the best member mutual fund track records with extensive tabulations of alpha, beta, R-squared, and many other fund management evaluations. Marketocracy Capital Management offers SMA (Separately Managed Accounts) through FOLIOfn Institutional ($100,000 minimum accounts) set up to track the top 15 or so long-term track records (many 12 years plus) of the 30000 or so active members that run models at their site. My fund is one of those top models available for SMAs. My SMA investment fund now has a first year performance with double digit alpha. You can see the fund's performance chart at marketocracy.com (the Turtle Fund - symbol BPMF) and there is one in my profile over at TalkMarkets.
My fund methodology is high diversification, usually running around 40-60 stocks from many different sectors. I rarely weight any position much over 5%. I began at Marketocracy developing an analysis method I've labeled The Fractal Base Flow Model. I've been experimenting with variations of my basic methodology with 4 other funds and a 5th where I try new things. With my first and main model fund BPMF (Bruce Pile's Mutual Fund) I did my basic method for the first 7 years or so with an alpha over 30, then strayed a little into other analysis methods that did not work as well. For the SMA, I am using the methods proven to work well.
Marketocracy is a new way of investing that solves a lot of the problems in the industry today. When investors nowadays survey their options, they are perplexed by the mish mash of risk and fees. In mutual funds, you have regulated safety where managers must diversify with less than 10% of your money in any one name in the top of your weightings scheme, making for at least around 20 stocks at any one time. The SEC also prohibits the risk of leverage and investing in dangerous derivatives, etc. But this safety is typically viewed as a tradeoff with performance vs hedge funds, where all the dangerous stuff is allowed. But the sad result of all this danger is that most hedge funds fail. The average life of a hedge fund that makes it past the first year is just 5 years. More than two thirds of all hedge funds that ever existed are now dead. There is the fund of funds option, but the high turnover means that even they must select an all new portfolio of funds about every 5 years. This makes selecting proven long-term performers virtually impossible. A fund of hedge funds will typically not only charge the high hedge fund fees of 1%-4% management fee plus 15%-25% of your returns, but will also charge fees for running the fund of funds. They pile complication upon complication and charge you for it. "Oh, and the hedge fund industry as a whole hasn’t produced alpha/added value to simple portfolios for years, since its assets under management ballooned." [FTalphaville] With typical leverage, that has grown over 15 years from around 20% to over 40% now, you get 40%more risk than mutual fund rules with no significant added performance, just more costs. And because that added leverage risk is so often concentrated in the same areas by all the large funds, inducing systemic risk, when those bets go wrong they can go very wrong. With all the above, an investor must live with the risk of having just one fund manager, or picker of rotating funds in a fund of funds. Imagine a place where you could go to sign up for an account where you could review track records and styles and risk levels of not just one guy, but up to 15 or so, and check on your account signup form how you want to spread your money among these guys. And imagine that all these managers have had to compile top ranked hedge fund performance levels for up to 15 years under the safety level of SEC rules for mutual funds. And imagine you could get all this at roughly cost of a mutual fund. It would be like opening an account and checking the names of Peter Lynch, Warren Buffett, and all your favorite hedge fund managers to gang tackle your investment objectives. And as in any team sport, if one guy hits a cold streak, the others will carry him. No dependence on one manager. Well there is such a place - Marketocracy Capital Management. Here, thousands of people from all walks of life, from retired and active fund managers to ordinary individual investors, compete online with virtual funds. If your track record qualifies, you can open a GIPS account for real money tracking of your model fund and have client accounts track your model. My fund is one of those, ticker BPMF. FOLIOfn Institutional can open a client SMA where you can pick and choose from the best of the best long-term performers. To look into this: Phone: 1-877-462-4180 email: email@example.com web: marketocracy.com
I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for a large bank. I have an MBA from the University of Chicago, with a concentration in accounting and finance. Currently I co-manage a precious metals and mining stock investment fund in Denver. My goal is to help people understand and analyze what is really going on in our financial system and economy.
Alexander Shadunsky began his career in business at a young age, when he became a part of the family newspaper business. After a brief stint in retail, he developed an interest in value investing and has been uncovering undervalued opportunities ever since. He is a regular reader of Seeking Alpha, Value Investor’s Club, and SEC documents.
Currently, Mr. Shadunsky is a small business consultant. He has spent time working on a wide variety of projects including business and equity valuations, corporate finance, business process automation, corporate communications, and strategic branding and positioning.
Mr. Shadunsky earned a bachelor’s degree in Finance from the Rochester Institute of Technology and has studied business at Indiana University as well. Previously, Mr. Shadunsky worked as an equity analyst at Briefing.com where he covered biotechnology and pharmaceutical stocks. He also spent time with Xerox and Merrill Lynch. He is fluent in Russian.
He can be contacted at alexs85(at)gmail.com.
Mercenary Trader (www.mercenarytrader.com) was created by traders, for traders. We are aggressive swing traders who routinely combine fundamentals, technicals and sentiment with deep awareness of global macro and rigorous analysis of individual equities.
See all of our content, including free educational materials on the theory and practice of trading, at www.mercenarytrader.com
Patrick Anderson is President of Patent Calls, a patent sourcing firm providing expert and strategic patent services for all phases of patent monetization including IP needs analysis, asset identification, valuation, negotiation, diligence, and licensing strategy development and deployment. Previous to Patent Calls, Anderson served as counsel in numerous patent lawsuits, including litigating cases through settlement, summary judgment and trial. Anderson’s primary expertise in licensing and enforcing patents provides relevant insight for evaluation of patents as an asset class. His educational background includes a JD from Michigan State University College of Law, and a degree in Mechanical Engineering from the Georgia Institute of Technology.
Jiang is not a value investor nor a growth investor. He believes that it does not matter if a cat is black or white, as long as it catches mice.
Jiang has a BSc in Management from Lally School of Management at Rensselaer Polytechnic Institute, and an MBA from Rotman School of Management at University of Toronto.
Chinese Internet/Media: AMAP, BIDU, CTRIP, DANG, FMCN, LONG, JOBS, RENN, SINA, SOHU, SPRD, VNET, YOKU
NA Tech/Media/Telecom: AAPL, AMZN, EBAY, FB, GOOG, GRPN, KYAK, LNKD, NFLX, PCLN, RIMM, T
NA Consumer Staple/Discretionary: CMG, COH, KO, LULU, MCD, SBUX, TIF, YUM
Special Situation: F, TSLA, EDU
I possess 10+ years of trading and investing experience, with a focus on precious metals, currency, energy, and technology markets. My decisions are based on market cycles, valuation metrics, technical analysis, and industry-specific trends and technologies. I typically hold positions for several years.
I also run InformedTrades.com, a site dedicated to helping individuals learn to trade the world's financial markets.
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Philip Morrish is the founder and Head of Research for Intellisys and has been an UK/European equity analyst for some 30 years. During his career, based in the City of London, he has been a highly ranked analyst; ranked #1 in the Chemicals and Waste Management sectors while with Smith New Court now Bank of America/Merrill Lynch. He is a co-founder of Cogency Chemical Consultants, a provider of commercial/industrial due diligence for the private equity market.
Ralph Shell began his career as a grain trader for a large international grain trading firm. This involved negotiation of export contracts and moving grain and soy beans from the US to the export markets of the world. For a period, he also handled the companies hedging and trading activity in the pit of the Kansas City Board of Trade. After a short stint as a commodity analyst with Merrill Lynch in Chicago Shell began a career as analyst and trader on the floor of the Chicago Board of Trade. After trading on the floor for almost 20 years. the career continued as a broker trader away from the harsh Chicago climate. Commodity trading continued in the grains and other commodities, but the focus in recent years had been on the Forex markets.
Michael Stojsavljevich (STOY-SAV-LA-VICH) served as Chief Strategy Officer at the United States Mint from February 2007 to February 2011.
While at the United States Mint, Mr. Stojsavljevich advised the Director of the United States Mint on strategic planning, economic issues, marketing strategy, and legislative initiatives, as well as leading the United States Mint’s rebrand initiative which was awarded the prestigious 2011 Rebrand global “Best of Award.”
For his services, Mr. Stojsavljevich was awarded the Meritorious Service Medal by Secretary Hank Paulson.
Prior to his appointment, Mr. Stojsavljevich worked at Altria Corporate Services, Philip Morris USA and Miller Brewing Company in marketing, finance, and corporate affairs roles. Mike also served as a military interpreter for the Department of Defense on peacekeeping operations in Bosnia during Operation Joint Guard, from 1997-1998.
Currently, Mr. Stojsavljevich is a Managing Partner at Episteme Advisory Group, a boutique advisory firm focusing on market strategy and innovation, brand positioning, economic feasibility and strategic pricing solutions.