Prior to forming VN Capital, James spent the previous three and a half years working for JPMorgan. Initially, James provided restructuring advice during the Asian economic crisis and his work with the Indonesian car company, PT Astra International, helped JPMorgan win Finance Asia's Restructuring Deal of the Year Award. Upon returning to New York in 1999, he focused on providing leveraged finance to U.S. and Latin American companies in JPMorgan's Financial Sponsor Coverage and Global Syndicated Finance groups. James holds a B.A degree from Yale University, a JD degree from Columbia Law School and a MBA degree from Columbia Business School. In addition, he is currently a member of the New York State Bar Association.
I am a long term value investor, but I am also interested in growth stocks when it is not overpriced.
I enjoy the process of finding out stocks with value, much like a gold-mining experience. Along the way, I also gained a lot of insight on various businesses.
Most of the time, I post articles and comments on Seeking Alpha to get opinions from other people, since it is important to get criticized and avoid the confirmatory bias. I also believe that small investors need to work together to share their research efforts in order to achieve an edge on information.
While I am passionate about investment, I am also passionate about many other things as well, such as Math, Machine Learning, Psychology and Philosophy. I believe life is about having fun, and a big part of that "fun" comes from constant learning and personal improvement.
I am interested in event driven opportunities and special situations in securities where a combination of low liquidity and thin research coverage has led the market to under appreciate an inflection point in cash flow generation, corporate governance, or capital allocation priorities.
1. Core portfolio of long-only, under-followed equities (liquidity-challanged micro caps, ignored small/mid cap names)
2. A small allocation of the portfolio is reserved for highly compelling event-driven ideas/special situations
3. Typically hold a high cash allocation for opportunistic purposes
Stirling Capital Management is a client focused and performance oriented investment firm. We scour the globe for opportunity in any asset class with asymmetrical risk versus return characteristics.
I am a long time investor focuses on special situations. I believe in bottom up analysis because it allows investors to get an edge in the market.
My educational background is in Economics and Finance.
2009: Miami, FL Aspiring value investor. Focus on quality of balance sheet, the new "net nets" (FCF), and the tenets of Benjamin Graham, Philip Fisher, Warren Buffet, and Charlie Munger. Every investment should be a value investment. You're buying things at, by your estimate, less then they're worth. It's a no-brainer as long as your research is thorough and your assumptions sound.
2016: Value investing skills are great. Value investing in practice (in public markets) is tough. Gotta find the places where others are not looking. And not look at stock prices every day. Maybe once a month.