Managing partner of Quintessential Capital Management, an investment fund, and Zanshin Capital, an asset management company both focusing on long-only, absolute return, equity investments with a value approach. I have started investing from an early age, but only in 2005 did I discover the wisdom and effectiveness of value investing. After reading every book I found on the subject, I studied for a short, but extremely profitable period, under the guidance of Prof. Bruce Greenwald of Colombia University, who specializes in value investing. The core positions in my portfolio are classic Buffett-style franchises acquired at a discount and kept indefinitely. The idea is acquiring a company in a slow-changing industry with a protective moat and letting it compound for years. Occasionally, I go for "cigar butt"-style investments, where a mediocre company is acquired at a steep discount. But, in general, I prefer the former type. I focus on US stocks but do keep my eyes open for global opportunities as well.
"If in an unknowable world, none of your bridges fall down, you are building them too strong. Similarly, if in an unknowable world none of your investment looks foolish after the fact, you are staying too far away from the unknowable."
-Richard Zeckhauser, "Investing in the Unknown and Unknowable"
Mr. Cutler's background includes 15 years of energy trading and risk management systems consulting to commodity trading shops, investment banks, power, natural gas and oil companies throughout North America. Former clients include JP Morgan, Shell, Bear Stearns, ExxonMobil, BP, PacifiCorp (owned by Berkshire Hathaway), Calpine and Williams. He was a partner at The Structure Group, a premier energy consulting firm, prior to Structure being acquired by Accenture, where he began his career. Mr. Cutler currently manages a small (two partners) investment fund, Stratesis, LLC, utilizing internally developed algorithms leveraging a big data approach.
He holds a Bachelor of Science degree in Electrical & Computer Engineering, Digital Signal Processing and Computer emphasis, with a Mathematics minor from Brigham Young University. He attended BYU on academic and Division 1 swimming scholarships, where he was team captain 2 years.
I am long-term value investor currently working for a value-based asset manager. My articles attempt to identify companies with unique competitive advantages, hidden value, and special situations.
My objective is to find dislocations in the value of publicly traded companies by developing a critical analytical edge over market participants that are in the other side of the trade. To accomplish this goal, my focus is on neglected companies or those with a short history in the public markets (IPOs, spin-offs).
>JP Morgan & Company Management Program participant-US Government Bond Department
> Discount Corporation of New York - US Government Bond Dealer - Institutional Sales
>Lafer Amster & Co. - Risk Arbitrage Firm
>CEO. Greenwich Investment Advisors - Fund Of Funds
Twenty three cumulative years of nonprofit board experience; on global conservation Board and regional social service boards.
Macro View, my blog, takes a contrarian and analytical view of markets based upon my study of history, geography, behavioral economics and foreign policy. Additionally, I draw from a long list of friends who either have run-cofounded/or retired from some of the most prominent asset management firms, private equity firms and investment banks in the world; as well as my extensive reading investment newsletters and current books on markets and economics.
I seek and find original thinkers around the globe who have a demonstrated track record of grasping extremely complicated subjects and being able to find Waldo, where most others are found hopelessly looking at the wrong part of the page.