I am a business valuation professional that applies what I have learned in the world of private company valuation to investing. My experience includes over 16 years valuing closely held businesses and real estate partnerships for estate and gift transactions, mergers and acquisitions, ESOP's and purchase price allocations. Over the years, I have observed some common themes among my most successful clients. In general, they either founded or invested in businesses or real estate assets that generate above average returns over long periods of time. They invest their capital in solid profitable companies that are most often in boring, out of favor industries. These companies and investment all generate a lot of cash flow, and the owners know how to take it out. Unfortunately, these opportunities are not always available to the small investor.
The focus of my research is to identify investment opportunities that have the same attributes as the investments that the wealthy own. I like simple, high yielding, cash cow businesses at attractive prices.