Pat Stout

Since 1978 have experienced and studied, many market cycles and markets. Bonds, stocks, options, etc. Tend to question herd thinking, some might call it being a contrarian. A big mistake made when young (1970’s) was avoiding bonds and investing in risky stocks. It was a great lesson in risk management.

Seek long-term strategic trends while keeping an eye open for short-term tactical opportunities. Pay close attention to cash-flow statement, balance sheet and the allocation of capital.

Prefer to investment with a management and board that returns monies to owners via dividends.

Warning flags go up when boards allocate owners money to departing owners via share repurchase programs. Very few ...More share repurchase programs have been found that add value, but many that hurt fixed income investors.



Find great value in reviewing historical financial publications and books. Have many Value Line issues from the 1960’s forward covering many market cycles.