I am a professional investment manager and the founder/CEO of Kuma Star Capital, LLC. My background is in chemistry and materials engineering. My investing specialization is in growth stocks with an emphasis on short-selling, US technology stocks and Chinese ADRs.
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Vernon Martin is the principal of American Property Research, a commercial real estate advisory and appraisal firm in Los Angeles. He has appraised commercial real estate in 20 countries, 41 U.S. states, and four Canadian provinces over a 30-year career. He also formerly taught Real Estate Valuation at California State University, Los Angeles between 1998 and 2005 and has authored many professional journal articles and two books. He has degrees from the University of Chicago and Southern Methodist University, where he earned a Master of Science in Real Estate degree.
I look for opportunities to invest where the expected value is sufficiently greater than the cost to invest and look to invest the appropriate portion of the total funds available. To make a gambling analogy, a highly favorable investment would be one where you could invest $1 on a flip of a coin and receive $10 if it flipped heads and lose only $1 if it came up tails. However, you would not want to invest all of your funds because you would be broke if the coin turned up tails. Thus, the goal is to find investments where the edge is sufficiently large and then invest the appropriate portion of the funds. The Kelly formula provides a theoretical basis for the appropriate percentage of total funds to invest in a single opportunity.
However, in the real world, the precise odds are rarely known. Thus, I seek to develop the ability and obtain the knowledge to calculate the odds with a degree of accuracy, and conservatively enough, to be able to make intelligent invesments.
With regards to equities, which I have primarily invested in, I seek to understand the economics of the business so as to evaluate its potential for long term success or failure. I seek to use this understanding, along with an examination of its financial statements, to determine if the company is undervalued or overvalued. I may then decide to go long undervalued companies and I may decide to short overvalued companies. My preference is to find companies to purchase, rather than to short.
Unlike most other writers who are Westerners, we are based in Asia and we can speak and write Mandarin fluently. We are very strong with fundamental analysis. We also understand the Chinese culture very well which makes our view more valuable when looking at the Chinese stocks. We have been investing for 7 years under the value investing principle all over the world especially in the Hong Kong market and the US market. We find a need to expose all China RTO frauds in the US to defend the real Chinese ethics for more than 5,000 years.
I am a humanistically educated oil & gas professional and part-time day trader (still full-time working at 74), with limited technical knowledge regarding company balance sheets and reports but many years of experience investing in the Tokio and New York stock exchanges, with modest success. Presently I work in China and am long on CCME.
Knowing that all technical analysts know their profession but they themselves are split into pro and con on any given stock, I 'sympathize' with (not trust or follow) those whose educated guess resembles mine.