Gravity Research is an organization composed of financial analysts with experience working at top investment banks and buyside firms as well as industry veterans who are experts in their fields. We engage in careful research on publicly traded companies that we believe offer compelling long or short investment opportunities, and present our best ideas to the public.
I am a US-based investor focused on uncovering both long and short opportunities with specific insights through the lens of earnings quality analysis. I am a CFA charterholder and a CPA with professional experience in accounting, equity research, and corporate finance. http://eqinvestor.blogspot.com/
Long Cast Advisers (LCA) is a Brooklyn based RIA that provides concentrated small cap investing to individuals, endowments and family offices. We do this with the most differentiated approach - individual stock selection - that is apart from and indifferent to the markets.
Our goal is to maximize the long term returns on client funds by allocating an agreed upon portion to small cap stocks balanced against cash. Then we seek to buy great companies that are changing and if we are right, we hold them. If we are wrong - and that will inevitably happen - we sell them.
With +12 years institutional research experience and +20 years investing our own funds, we know that we are not smarter than the market. But we are more patient and that allows us to envision opportunities unfolding over time, beyond the immediate present or next quarter.
Because we focus on smaller companies, we consider ourselves part owners of the businesses we invest in. We tend to engage with management at least minimally (and occasionally more), we also engage with customers and competitors, and notably, we won't invest in companies that sell products or services we would be ashamed to discuss: As best we can, we avoid businesses that drop bombs on people’s heads, despoil the environment, profit on suffering or await a bigger fool.
We are not market prognosticators. We view prognostication as Marx viewed religion; it is the opiate of the investment masses. Apart from using a benchmark for comparative purposes, and unless there is a direct corollary to a company or its valuation, we are generally indifferent to the overall market.
LCA is licensed and state registered. We use Interactive Brokers as a platform and third-party custodian for separately managed accounts. We describe our business as "the food truck version of a hedge fund" in that we select stocks and manage the portfolio like a fund, but the costs are lower and the approach is completely transparent. We manage appropriateness by allowing the client to select the target allocation between cash and stocks.
LCA's CIO is Avram ("Avi") Fisher and the firm's investment philosophy is informed by his >10 years experience as a sell-side analyst covering large-cap industrials, business services and E&C's, taking only the best parts - the in-depth research - while avoiding the short-term next-quarter beat-raise insanity. He has additional experience in private equity, as a private investigator and as a former cub reporter and writer. He continues to write, here and on his blog, as a way to organize his thoughts and to share some of his ideas with other like-minded patient, small cap investors.
Disclaimer: All content written on Seeking Alpha by Long Cast Advisers is for informational and educational purposes only and should not be construed as a solicitation or recommendation to buy, sell, or hold any specific security or class of security. LCA's opinions expressed herein address only select certain aspects of the companies mentioned and cannot be a substitute for comprehensive investment analysis. Any analysis presented herein is illustrative in nature, limited in scope, and is for discussion purposes only. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Therefore, LCA cannot guarantee its accuracy. Any opinions or estimates constitute the author's best judgment as of the date of publication, and are subject to change without notice. Equity investing is subject to various risks including the total loss of capital.
Currently I am majoring in Economics in the Arts and Sciences School at Cornell University and I have recently incorporated my own research company 'Legion Investments & Advisory Company LLC'. Academically, I have pursued my financial interest both inside and outside the classroom. At Cornell I have engaged in a demanding curriculum in finance, economics and public policy to understand the broad forces that affect financial markets. Additionally, I have managed a significantly capitalized IRA retirement portfolio over the past five years. I am particularly interested in bottom-up fundamental equity analysis in the context of macro and industry trends. In pursuing this interest I have analyzed financial statements and conducted both individual firm and industry wide research using, among others, quarterly earnings calls, financial statements, and evaluating emerging macro and industry trends.
My professional experience includes a corporate advisory internship with Standard Chartered in Beijing. My responsibilities included valuation modeling and macro-economic trend analysis with the goal of developing strategies to unlock value in client companies. Additionally, I had the opportunity to intern with FH International Asset Management As a credit analyst. Here I learned to quickly assess a firm’s financial strength and growth potential. My responsibilities included identifying exposure risk to foreign financing, commodity price fluctuations, currency risk and political stability in order to create a complete picture of a firm’s financial credibility. Through my professional experience I have developed strong financial analytic skills and proficiency using financial software.