I enjoy spending my free time researching stock ideas and publishing ideas when I have a solid investment thesis. I enjoy writing about technology stocks as well as obscure "unsexy" businesses that are often overlooked by the larger market. I employ a growth at a reasonable price approach to select the majority of stocks I own. I worked as a stock analyst for two years at a boutique firm where I learned the framework that I now use to invest in my personal account. I earned a dual degree in Business and Economics, which gave me a foundation I currently use to perform due diligence. I love hearing from readers and always try to answer questions or clarify when possible.
Joseph Gaebler is a student at the University of Southern California's Marshall School of Business. He is a member of the USC Value Investing Group. Joseph uses fundamental valuation to determine the intrinsic value of equities.
Steven H. Goldman is a commercial litigation lawyer and senior partner in the Toronto law firm of Goldman Hine LLP. Steven graduated with a B.A., President's Medal recipient (1976, Carleton University, Ottawa, Ontario) and J.D. (1980, Queen's University, Kingston, Ontario). He is a former member of the board of directors of Tribute Pharmaceuticals Inc., a Canadian public pharmaceutical company which recently merged with Pozen Pharmaceuticals on February 5, 2016, and now known as Aralez Pharmaceuticals (Nasdaq: ARLZ), and a former member of the board of directors of Select Sands Corp. (TSX.Venture: SNS.V), having resigned from the board on December 21, 2016. He is currently a member of the board of directors of Comstock Metals Ltd. (TSX.V: CSL.V) which trade on the TSX Venture exchange, and member of the Executive of the Ontario Bar Association, Franchise Law Section. Steven was President & CEO of Speedy AutoService and Minute Muffer from December 2007 to December 31, 2009 (with approximately 160 locations across Canada).
Traded and Analyzed long/short equities, generally with an Asian focus. Specialize in the Tech Space, Metals and Mining, Gaming and Special/Deep Value situations. 12 years of experience. What feel's like 12 years of getting lied to by various managements. 12 years at an Asian focused fund the basis of my skepticism. More bad investments than I care to remember but you need to remember the bad ones. It's the only way we learn. If I can help one person avoid a land mine than this is a worthwhile endeavor. Use both Fundamentals and Technicals. My idea's are my own and may not represent the views or positions of my firm.
I'm managing editor for SA PRO. I oversee SA PRO and Marketplace and support in a few other areas on the site. I'm always happy to hear from readers and contributors, whether to help with questions, hear your feedback, or learn how you're using the site. I've been working at SA since September 2012.
I've been investing for 6 years. I used to write articles for Seeking Alpha before becoming an editor (while I'm proud of the work I did, it probably would not have been up to our PRO standards, which is a good thing). I am probably one of SA's most frequent users, and have learned an immense amount from contributors, readers, and SA employees.
Beyond the market, I like reading, travel, writing, playing/writing/listening to music, and learning languages. Probably most relevant to ask me about SA, but you're welcome to get in touch on anything else as well.
I'm committed to helping others identify public companies where long-term stakes of ownership could enable early retirement and financial independence. I'm the author of www.Retire29.com, a blog dedicated to those same goals.
University of Maryland
Masters of Business Administration
Masters of Science: Finance
Bachelors of Arts: Economics
Andrew Walker, CFA, is a portfolio manager at Rangeley Capital LLC with a focus on small cap special situations investments. Mr. Walker also contributes to Sifting the World, a value investing forum.
Currently managing a long / short portfolio for a family office
BA in Economics from Yale University
MBA from Stanford Graduate School of Business
Prior Investing Experience:
Leonard Green and Partners Private Equity
Celan Bryant started her career working for two top-tier investment banks before migrating to the corporate finance arena. After completing a fellowship at Harvard University, she began a career in financial writing with a focus on reporting and sustainable business models. Ms. Bryant has an MBA with a concentration in finance and over 15 years of experience in the financial industry. For custom research reports contact email@example.com. Disclaimer: Any material provided is intended as general information only, and should not be considered or relied upon as a formal investment recommendation.
Former analyst at a long/short value-oriented hedge fund now managing a fund of my own. I believe it's important to put your money where your mouth is when investing, so I will generally write only about stocks that I own or am likely to purchase in the near future. For exclusive ideas and real-time access to my full portfolio, consider subscribing to my service, "Beating the Market with SoF".
Portfolio Manager and Research Analyst at Opus Capital Management. Opinions I express here are my own and should not be construed as reflecting the viewpoints of my employer.
Buy-Side Analyst. Value oriented. Small/Mid cap. CFA.
We invest long and short based on four qualities:
1) Strong Management
2) Free Cash Flow
3) Durable Moat
4) Reasonable Valuation
Hedge fund analyst, 6 years investing experience, mainly looking for special situation opportunities in small-mid cap firms with significantly asymmetric risk/reward profile
I am a registered investment advisor at a national wirehouse with over a decade of professional investment experience. My investment philosophy is rooted in traditional value investing, with emphasis placed on companies that generate consistently high returns on capital, trade at reasonable valuations, have recurring revenues, and are financially stable.
My conviction lies in long-duration common stock investments; I believe that over-diversification, frequent trading and the associated costs of high portfolio turnover lead to consistent underperformance of the general investing public. My approach, which I hope I communicate through my writings here, revolves around identifying situations where high-quality businesses can be purchased at a time where misperception by investors leads to a dislocation between price and value.
As a Seeking Alpha contributor my goal is to provide high quality, in-depth research on high conviction investment ideas to a broad reading audience. Many of the ideas I share are a byproduct of research for the portfolios I manage and/or my personal account. Although my career is in private capital management, I thoroughly enjoy the research aspect of investing and have always had a passion for writing.
I welcome feedback on any articles I've written and encourage readers to reach out to me to discuss any topics covered in greater detail.
Tal Davidson, MBA
am the a research-driven value investor. I practice deep value investing, based on the principles taught by Benjamin Graham, and practiced by Walter Schloss. Over more than a decade of performing fundamental security analysis and practicing value investing, I have refined my methods for sourcing investment ideas, performing analysis and managing a portfolio.
Read more at taldavidson.com
Power Hedge is an independent stock research and analysis firm with a passion for macro- and microeconomic analysis. Power Hedge focuses our research primarily on dividend-paying, international companies of all sizes with sustainable competitive advantages. Power Hedge is neither a permabear nor a permabull. However, we believe that, given the current structural problems in the United States, the best investment opportunities may lie elsewhere in the world. The firm's strategy is primarily buy and hold, but will stray from that strategy on occasion. Our ideal holding period is forever, however we realize that both internal and external forces can impact an investment. For this reason, we believe that it is vital to keep a close eye on all of your investments. We do not believe in changing an investment based on short-term market swings.
Traditionally, we have not always responded to comments but in order to improve the quality of our research, comments will be reviewed and we will respond to issues regarding errors or omissions. This does not include our premium service, "Renewable Energy Profits," which is available from the Seeking Alpha Marketplace. This service does include detailed discussions with our team both on the reports themselves and in a private forum.
Aaron is an author, entrepreneur, and consultant with extensive valuation and audit experience. His background includes retail automotive consulting, billion dollar pension auditing, and risk assessment and mitigation.
Aaron is a Certified Public Accountant, Accredited in Business Valuation, and holds a Master of Science in Accounting from Texas A&M.
He lives in Long Beach, CA with his wife, daughter and bird dog.
Kerrisdale Capital is a private investment manager that focuses on value and special situations investments. We manage investment partnerships and separately managed accounts.
I have recently left my job as a Financial Credit Analyst at one of the Big-4 US banks to venture off on my own to start an Investment Management firm called Stockmeister Capital. Stockmeister Capital will manage investments funds for both Qualified and Non-Qualified investors.
My investment style is heavily influenced by Warren Buffett and nearly all of my investment ideas revolve around a monopolistic business. I look for companies with strong business models, significantly undervalued earnings power, predictable earnings, and a long runway for future growth.
I also like watching/playing sports, hunting for antique books or historical items, and playing card or board games.
I hold a B.S. in Accounting.
"[T]he function of the margin-of-safety is, in essence, that of rendering unnecessary an accurate estimate of the future. If the margin is a large one, then it is enough to assume that future earnings will not fall far below those of the past in order for an investor to feel sufficiently protected against the vicissitudes of time."
"Needless to say, the analyst must take possible future changes into account, but his primary aim is not so much to profit from them as to guard against them. Broadly speaking, he views the future as a hazard which his conclusions must encounter rather than as the source of his vindication."
"[F]inding the really outstanding companies and staying with them through all fluctuations of a gyrating market proved far more profitable to far more people than did the more colorful practice of trying to buy them cheap and sell them dear…These opportunities did not require purchasing on a particular day at the bottom of a great panic."
Having always been a learning machine, I speak five languages, have worked as a sales agent, project manager, translator, computer consultant, software engineer, built a house with my own hands, published books and essays on literature, philosophy and art, have written for magazines of various kinds in different countries.
After retiring early in 2004, little by little, I have become a fund manager for some friends and myself, following the principles of value investing laid out by Benjamin Graham, Phil Fisher, Charlie Munger and Warren Buffett. You can read about my thoughts on a suitable portfolio structure for early retirees here.
My articles should not be considered to be any kind of investment advice. What suits me well is not necessarily good for others, as successful investing is somewhat like a marriage: If only one is perfect, the marriage won’t work. So please do your own research and remember Benjamin Graham's advice: “The investor’s chief problem — and even his worst enemy — is likely to be himself.”
I run a very concentrated portfolio with 10-15 positions and invest for the long term. As of 12/2016, my largest position is Theravance Biopharma (TBPH), a company I had intensively and extensively researched long before any sell-side analyst noticed the stock. You can find my early work on TBPH on this site and my comprehensive in-depth research reports on all important pipeline assets here. I correctly predicted the evolution of the new GOLD guidelines for COPD, the sales trajectory of Vibativ and GSK's new Ellipta product range. My reports have been far ahead (in terms of depth, scope and reliability) of all sell-side work on TBPH. That said, I obviously make mistakes as well, although I've yet to make one that costs me serious money.
Other long-time favorites of mine are DaVita (DVA), IBM and a few European small caps which I have also partly covered on Seeking Alpha, e.g. Admiral (AMIGF), Fuchs Petrolub (FUPEF).
Whether you are a large or small firm, GeoInvesting will cater to your needs and create a sound process for corporate diligence. Our specialty is Portfolio Protection – in fact, every aspect of what we do boils down to various ways that your M&A process or investment portfolio can be safeguarded against red flags.
To accomplish this we choose to work closely with you so you can be kept abreast of the progress of our due diligence from start to finish, making sure that we cultivate a relationship of trust between our team and yours.
Who Can We Help Specifically?
We actually do not limit ourselves to any specific group? We have worked at great lengths with:
>High Net Worth Investors
>Private & Public M&A
>Other Due Diligence Firms
There is really no one that we can’t work with since we’ve covered just about every facet of the due diligence process, whether it be on-the-ground or “through the files.” We can even tailor our services to your specific requirements.
We have a retail solution for everyone – the long investor, the short investor, the pump and dump investor and the every day trader that is interested in the micro cap arena. We’ve shown that we can overcome the challenges posed by any market environment, quickly seizing investment and trading opportunities as they arise. Because of this, our Premium members have been able to enjoy above-average returns on our ideas. Our solutions enable us to cater to what matters to you the most.
Do you want access to reports that can convey the proper valuation of equities, reports that can immediately convince the market that these valuations are warranted? Do you want information arbitrage that allows you to be among the first to take action based on the intel? Do you need daily ideas, some of which have proven to be some of the most rewarding calls to action that the GeoTeam has offered? Would you like to follow our GeoBargains and select trades? Or do you just need to be part of an exclusive twitter following that receives alerts before the rest of the market?
If you have answered yes to any of the questions above, then don’t wait any longer. Join our Network and see why our following continues to grow on a daily basis. The faster you join, the more likely you will be among the first to harness the power of our offering.
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Whitney Tilson is the founder and Managing Partner of Kase Capital Management, which manages three value-oriented hedge funds. Mr. Tilson is also the co-founder of Value Investor Insight, an investment newsletter.
Mr. Tilson has co-authored two books, The Art of Value Investing: How the World's Best Investors Beat the Market (2013) and More Mortgage Meltdown: 6 Ways to Profit in These Bad Times (2009), was one of the authors of Poor Charlie’s Almanack, the definitive book on Berkshire Hathaway Vice Chairman Charlie Munger, and has written for Forbes, the Financial Times, Kiplinger’s, the Motley Fool and TheStreet.com. He was featured in two 60 Minutes segments in December 2008 about the housing crisis (which won an Emmy) and in March 2015 about Lumber Liquidators. He served for two years on the Board of Directors of Cutter & Buck, which designs and markets upscale sportswear, until the company was sold in early 2007.
Mr. Tilson received an MBA with High Distinction from the Harvard Business School, where he was elected a Baker Scholar (top 5% of class), and graduated magna cum laude from Harvard College, with a bachelor’s degree in Government.
Mr. Tilson spent much of his childhood in Tanzania and Nicaragua (his parents are both educators, were among the first couples to meet and marry in the Peace Corps, and have retired in Kenya). Consequently, Mr. Tilson is involved with a number of charities focused on education reform and Africa. For his philanthropic work, he received the 2008 John C. Whitehead Social Enterprise Award from the Harvard Business School Club of Greater New York. He is a member and past Chairman of the Manhattan chapter of the Young Presidents’ Organization. Mr. Tilson lives in Manhattan with his wife and three teenage daughters.
Ray Dalio is the Chairman and co-Chief Investment Officer of Bridgewater Associates, which is a global macro investment firm and is the world’s largest hedge fund. He is known to have a very practical understanding of economics that is very different from conventional economic thinking and that he spelled out in "How the Economic Machine Works".
He started Bridgewater in 1975 out of a two bedroom apartment in New York City and has been a global macro investor for more than 45 years.
While at Bridgewater his industry-changing approaches to investing -- which include the invention of risk parity, currency overlay, portable alpha and global inflation indexed bond management -- prompted Alternative Investment CIO to write an article entitled “Is Ray Dalio the Steve Jobs of Investing?”, which compared his industry-changing inventions to those of the Apple founder. According to an industry study, Bridgewater's hedge fund has made more money for its investors than any other hedge fund ever -- an estimated $37 billion. Bridgewater Associates has received numerous awards, including over twenty “Manager of the Year” awards from every major financial publication, and Ray has received three “Lifetime Achievement” awards. Additionally, a long list of economic policy makers actively seek his advice, which prompted Time Magazine in 2012 to name him “One of the 100 Most Influential People in the World”.
Ray is an active philanthropist with a particular interest in oceanographic research and conservation. He is a participant in The Giving Pledge, a commitment to give more than half of his wealth to charity.
Ray believes that reality works like a machine and that principles for dealing with reality are required to be successful. For those who are interested in learning the principles that led to Ray's success, he set them out in Principles.org which focuses on management principles and EconomicPrinciples.org which describes the principles of the economic machine.
Great ideas are the lifeblood of the investment business and the exclusive focus of The Manual of Ideas. Authored by investment and finance professionals who have grown up on the teachings of Ben Graham, Warren Buffett and Joel Greenblatt, and have studied under or worked with luminaries such as Yale Chief Investment Officer David Swensen and Economics Nobel Laureate James Tobin, MOI delivers timely, differentiated investment ideas. In a market flooded with data and opinion, we deliver clarity.
I'm a professional poker player with an interest in investing. My investing style is build on the principles of Graham and Dodd: trying to buy companies that are on sale and have a margin of safety in case the investment thesis is wrong. I discuss all my picks at my blog @ alphavulture.com
Aquitania Capital Management was founded in 2012 by Christopher Karlin, Managing Member and Chief Investment Officer.
Mr. Karlin has been in the investment business since 1991.
Prior to founding Aquitania, he held positions as a Research Analyst and Portfolio Manager at First Pacific Advisors, Kestrel Investment Management and Fairview Capital Investment Management.
Mr. Karlin interned with Farallon Capital Management while pursuing his MBA. He began his career with Wells Fargo Nikko Investment Advisors which later became a part of Blackrock.
Mr. Karlin received his BBA from the University of Wisconsin in 1990 his MBA from Yale University in 1998 and has held the CFA designation since 1994.
After working in Leveraged Finance at RBC Capital Markets and two hedge funds that focused on special situations and distressed investments, Steven Wood, CFA started his own firm focused on generating absolute returns through conventional and unconventional means. GreenWood offers clients primarily long ideas, as well as hedge and short ideas, but gives clients complete control over their own account, and has no lockups or liquidity constraints. GreenWood manages capital for institutions (primarily family offices) and high net worth individuals, but the only requirement is a minimum investment of $10k.