FROM INSIDE SILICON VALLEY: Sorting the truth or likely truth from the noise is a key attribute of the successful investor. My commentary is a distillation of some of this effort relative to particular stocks and investment areas. My publishing at this point in time is limited to the blogsphere, Stocktwits as a Tweeter (@RobertinGatos), and Seeking Alpha posts as both an author (one article and trying to find time for more) and frequent commentator. I have no doubt that this truth seeking effort has been a great aid in my own efforts to be a successful high tech stock investor, which now goes back over 30 years. Professionally, I was an Engineering Manager in two pioneering Silicon Valley high technology companies, Intel and Fairchild Semiconductor. Some will recall that Fairchild was formed by the group that William Shockley, co-inventor of the transistor of Bell Labs fame. had brought together at Shockley Labs to commercialize this device. I joined Fairchild Semiconductor R&D Labs in Palo Alto in 1973. It was at the time affectionately called "Fairchild Tech" due to its propensity to create spinoffs including National Semiconductor, AMD and Intel. I joined Intel in in 1977 as Manager of their Analytical Lab start up and retired from Intel's senior management ranks in 1998. I joined a startup called Metara as a BOD member and ultimately as VP and Chief Technology Officer. I facilitated the generation of 17 automated mass spectrometry patents and became an expert on analytical technology patents as a result. I retired a second time in 2006 due to the fact that Metara ran out of capital before the first product was fully debugged. Venture caps can be fickle people. Through out this time, I was surrounded by high tech business activity including management and ultimately startup financing. I stayed familiar with the high tech business press throughout this time and attended relevant Silicon Valley events including many Valley technology investment conferences and shareholder meetings beginning well before the Santa Clara Valley area was called Silicon Valley. My start as a high tech investor occurred in 1981 when my first Intel stock options became exercisable. I used margin to exercise, buy and hold my Intel stock while I added margin to buy companies like MSFT, CSCO, ORCL, JDSU, SUNW and QCOM from the 80's forward. Needless to say the returns were outstanding. I had the luck of being exposed to long term LEAP call investing by a follow Intel manager and used this technique as additional leverage for most of my tech investments since the very beginning. I used to love to bet against Merrill Lynch'sTom Kurlak who was known as THE Intel analyst of the time. He would make a negative call on Intel that I knew was way off the mark and use this opportunity for entry into my next set of Intel LEAP calls. That taught me to take advantage of Wall Street whenever possible rather than be their victim. My original investment specialty was tech stocks however I have expanded my expertise in many key sectors. I follow high tech trends and business activity on a daily basis. I have added Financials to this tracking in particular since the bad behavior of the Investment Banks and now regular Banks (derivatives and lending practices) has led to multiple ugly stock market crashes. Notable examples include the crash of 2008 and the 2000 dot.com bubble with more yet to come, at least in the absence of better regulation. I am a firm believer in understanding the business model, the business fundamentals and competitive environment for any company that I invest in. I look for competent management and high performance financials that demonstrate a strong possibility of on-going earnings and revenue growth. I read CEO pronouncements with my competence and BS detector on high (for example Ballmer pegs both needles - I'll let you guess which end of the scales). Drilling into a company’s financial fundamentals is a downstream step. Excessive debt is a red flag even if it is for so called good reason -- it limits company margins and business options, and can be representative a poofly performing business segment a company is in. I avoid those kinds of businesses in spite of what may be labeled as strong positive cash flow. Debt leads to sluggish earnings growth and limits company flexibility. It can also lead to ugly surprises, stock dilution for example. Technology company stock buybacks leave me cold. If they cannot make more money by growing their own business with the money, they will flatline or worse. When the opportunity permits, I try to be ready to buy good companies that I believe have been beaten up inappropriately or are under appreciated (the Tom Kurlak example). I also try to buy companies that I know and understand inside and out or work on getting to there if I invest. Fewer companies,
Financial analysis, research, writing, portfolio management
Budgeting, planning and strategy
Controller, Chief Financial Officer
12/2001 – Present Fountainhead Consulting New York
Write independent and unbiased equity research reports
Manage research projects, write strategic reports on market size
Develop research processes for Internet data compilation and integration
Train junior analysts on usage and edit their reports
Consult with clients on capital allocation for new projects
Manage portfolios for clients
Research Assignments and Projects
Competitive intelligence for the mortgage industry - seven month project
Competitive intelligence for the mortgage servicing industry – three month project
Competitive intelligence for the industrial supply industry – three month project
Competitive intelligence for the online data analytics and advertising industry
Company profiling of global telecom companies for a telecom research provider
Business and competitive intelligence of the enterprise applications market
Company profiling and competitor assessment of the credit card processing market
Company profiling and financial analysis of three competitors in the retail market
Competitor analysis of the South African credit card and housing loan market
Competitor analysis of the South Asian telecom market
Market sizing, pricing and positioning strategies for the beauty salon market in India
01/2005 – 06/2006
Contributor The Motley Fool New York
Wrote investment commentaries on companies, such as Adobe and Pier 1
Retired for 7 years, AAPL Long for 15+ years. All trust and IRA accounts for my wife and myself are 100% invested in AAPL and have been for the past 10-12 years.
Thanks to Apple restarting the dividend program in August of 2012, our current yearly AAPL dividends > 3.8X(my pension+wife's pension+my Social Security). In the 4 years that Apple has been paying dividends, that's amounted to a total of $1,422,938.17.
The only AAPL shares we sell are to meet RMD requirements of my IRAs or for travel, etc.
Note: The photo was taken a few years ago (late '40's)
Simple intuitive investor (that's not good), retired, enjoying all the SA brainpower and learning alot - that is good, am in long and deep (for me) in MU. Owned it a long time ago, in a land far away, hoping to finance a river view.
I have an interest in investing for fun and also for furture retirement. I enjoy reading both books and articles on the subject. Many thanks to those who are retired and take the time to write about their investing experiences. Still working! ... in the tech industry!
Started my education premed student at Stanford, burned up my scholarship after the second year. Money was tight & I had a change of mind, so I changed my major & school. Eventually attained my BS in environmental sciences, and a minor in health sciences. After college worked as a medic for the nations largest ambulance company. Also volunteered time as a FEMA instructor to fire departments, training for nuclear, biological, and chemical disasters. Recently retired due to injuries, Paramedic for 28 years & volunteer w/fire department for 10.
After I was retired at 48 (injuries), I had to change my 401k over to an IRA. Being very upset at low returns and slow growth with the 401k over the years, I decided to take full control. I liquidated all the funds and after careful research, put the entire amount into one stock. My broker called me to make sure I was making the right decision. Three years later to the month, I tripled the size of my IRA, thank you LMT!!! I rolled the dice with my retirement on the line and thank God I won. However, I've learned to utilize much safer methods since then. Recently sold 60% of LMT and diversified in other solid companies.
Born & raised in California, married to a wonderful wife, no kids. We both like to travel & visit historical sites.
BS Environmental Sciences , UCSC
BS Health Administration w/Emergency Mgmt. Cert., University of Phoenix
Complex problem solver with 20+ years experience as a leader, strategic planner and extensive global operations experience. I thrive at leading teams of experts in a matrix environment toward extremely difficult goals by crystallizing technical data/ideas and skillfully communicating succinct plans to senior executives.
Real Estate investment - Both Commercial and Residential
Equity investments - long term macro focused in Technology, Energy and Healthcare
Cycling - RAGBRAI, Pedal the CAUSE...
Hi - I'm a database analyst and web site designer by trade, but I've been forced into an early retirement by health issues. (Fortunately I live in Canada, so I am not bankrupt.)
I invest in tech because I know something about it. I cut my programming teeth on FORTRAN, PL/1 and APL, and learned BASIC on an Osborne (I was young and strong back then). I missed MS-DOS completely and first encountered Microsoft with Win 3.1. I switched to Apple about 10 years ago. Oh, yeah, Unix, too, throughout my career.
If I sold my SUNW at $75 (or whatever it was) and my Nortel at $120, I'd have bought myself a small island or a helicopter by now. Alas, I am still trying to recreate my past unrealized glory.
Prior to founding Kisco Capital, Mr. McCarthy held senior positions at two multi-billion-dollar hedge funds, where he acted as a trader and portfolio manager. Mr. McCarthy managed capital in adverse market conditions, including the post-tech bubble crash of 2000, the terrorist attacks of 9/11 and the collapse of the financial markets in 2008-2009. Managing risk in highly volatile markets is considered his specialty.
During Mr. McCarthy’s tenure in the hedge-fund world, he managed several investment accounts that had a combined market value of up to $6.5B. Mr. McCarthy generated positive returns every year and had his best years during the financial crisis of 2008-2009.
University of Florida Graduate - (BSBA - Finance, 2015 / MS Entrepreneurship, 2016 / MS Real Estate, 2016)
Currently working as an analyst for IP Capital Partners, a value-add private equity fund specializing in Class A Commercial Office Buildings in major Florida markets. Located in Boca Raton, Florida.
Aspiring entrepreneur. I love the idea of being able to create value from the comfort of your own home (or the beach for that matter). I'd like to ultimately get into venture capital and angel investing.
Love all things tech. Love nightlife. Love the outdoors.