Since 1978 have experienced and studied many market cycles in bonds, stocks, options, etc. Tend to question herd thinking, some might call me a contrarian. A big mistake made when young (1970’s) by 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. Warning flags go up when board of directors allocate owners money to departing owners via share repurchase programs. Very few share repurchase programs have been found that add value, but many that hurt fixed income investors.
I am a Special Situations/Value Investor, I invest in Relative value arbitrage situations, Bankrupt and Distressed situations, I have 20 years Experience as a bankruptcy/ legal consultant, Financial/ White Collar Fraud Investigator.
Best investments include (GGP) General Growth Properties (HPY) Heartland Payment Systems (WMIH) Washington Mutual Inc. (NFLX) Netflix, I am currently Long Republic Airways (RJETQ) Fannie Mae (FNMA) Sears Holdings Inc. (SHLD) Sears Holdings Inc/Warrants (SHLD.WS) Pershing Square (PSHZ) I am short Herbalife (HLF)
The approach is buy undervalued stocks & bonds, preferably long term income generating, and hold until the story changes. No options, no forex, no margin, no ETFs, no metals, and short maybe once a year on sure things only!
The sage points out the moon, the fool looks at the finger.
A Canadian in China, living here for the last 12 years and travelling to China for the last 30 years. I own and manage a medical device manufacturing company in Shanghai. My investment interest is long term capital appreciation.