I have been investing in individual stocks for over 19 years. During that time, I have found that investing in what I know is more profitable than trying to understand something outside my area of expertise. I work in the field of commercial real estate finance, which has led to a greater understanding of capital intensive businesses such as real estate. I write financial articles because it forces me to be more disciplined about my own investing.
Although retired from active trading, I am still interested in tracking markets and stocks. I am working on a book about ways to do fundamental research for people like Seeking Alpha readers; I seek reader feedback. The industry I am the most familiar with is Paper and Packaging. I worked on the Buy Side (Investors) and Sell Side (Broker/Dealers and research publishers) for over 30 years. Sell side employers included Kidder Peabody, Drexel Burnham Lambert, BZW, Merrill Lynch, Bank of Montreal. Buy side firms included Citibank, John A. Levin, and Xylem Global Partners.
Xylem Global Partners, where I managed $100+ million in assets, was a market-neutral sector fund specialized in paper, forest products, packaging, building materials, and related industries. I have also researched stocks in a number of other industries. I have applied for tuition refunds from Stanford Graduate School of Business, which taught me Efficient Market Theory, now disproven, and Harvard College, which taught me Behaviorism, a now-discredited school of Psychology. Did I mention my odd sense of humor?
Karl Krachenberg b.1955 New Haven, Ct.
Raised in St. Louis, prep and public schools.
Some classes at Washington University Art School, St. Louis.
University of Michigan School of Art, Ann Arbor, 1974-1980, BFA in Drawing and Painting.
Half of an MA in Education Admin. at WVU.
Many years working in hotels and restaurants.
Trained as a cabinetmaker and restorer in 18th cent. techniques in a Thurmont Md. shop.
Three years driving tractor trailers for a carrier in Martinsburg, WV.
Two years as education director for The Arts Centre, Martinsburg.
Three years as a draughtsman and designer for a small design firm in Frederick Md.
Formerly working as a cabinetmaker for the Lawrence Crouse Workshop, making 18th cent. reproduction furniture.
Formerly working as a cabinetmaker at Period Woodworking, Winchester Va.
Painting, sculpting, and printmaking all the while, and always looking for work.