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.
I'm a value investor and investment manager at a family office. I spend most of my time doing primary research on high-quality businesses with extraordinary economics that we can buy and hold for at least an entire market cycle. I also help conduct due diligence on third party money managers that make up a major part of the FO's portfolio.
"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.
@todd@alphatree 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.