I have spent over thirty years in the financial services industry and I am the author of Dead Companies Walking: How a Hedge Fund Manager Finds Opportunity in Unexpected Places, an Amazon Best Book of the Month. Since 1991, I have managed the hedge fund Crown Capital in Marin County, California.
I am a former analyst from London.
I moved to Japan as a trade.
I speak Chinese, so I thought it would be easy to learn Japanese and become a translator.
I was wrong - it was very hard. But now I'm a translator, and the trade worked out, because the strong Yen means earnings are good.
I was always interested in investing, but really started with this activity back in 2008/09, shortly after the Lehman crash. Since then, I'm constantly trying to learn. Value investing is the type of investing that makes the most sense to me.
I'm running a blog in german language, wich is dedicated to investing and can be found here:
I have studied economics at the University of Vienna.
An Investor who appreciates the classics notably Buffett and Graham but especially the writings of the other great investor Jeremy Grantham. There are a few points to my philosophy in the market none too hard to understand.
1. Mean reversion and consequently value
2. The purchase of sound quality common stocks
I particularly enjoy analyzing companies and select the best 10 or so based on various metrics but I am keen on return on equity and combined with overall market valuation to forma a sort of dynamic asset allocation. I follow and admire a number of proven masters of investing- men who trough their meticulous study of their craft build track records exceeding 10 years of market outperformance. The likes of Jeremy Grantham, Rob Arnott, Cliff Asness at AQR management, John Hussman, Charles Munger and Robert Rodriguez at FPA capital. Besides common stocks I take great interest in options and fixed income as well as a 15-20% allocation to gold. Based on expected returns on asset classed I slowly shift allocations. This is in short my philosophy in practice and theory.
I am the investment manager for Darkravenwind LLC, a small software development consulting firm. 20% of our pre-tax revenue is my responsibility to invest and grow. I also help moderate the "Value Investing" group on Facebook. My hobbies include fighting the Fed, martial arts, and old video games.
I have been using value investing techniques as first described by Benjamin Graham since approximately 2005. I was wasting my life up to that point. My specialty, over and above corporate valuation, is analyzing people. Human behavior is remarkably consistent and can lead to huge gains when you understand what motivates them.
In my own portfolio, I have a diversified income focus with a preference for long term earnings and dividend growth. When a good opportunity comes along, I'll focus a large percentage of assets into that single holding. I'm also maintaining an income portfolio with a little over 180 high yielding companies inside of it as a bit of an experiment.
I was mostly self taught, but do have a partially completed business degree behind me as well. In 2008, I quadrupled my money in the crash, and saw numerous opportunities that I jumped on throughout the next few years. By 2012 my total portfolio was over 50,000% higher than when I had first started.
I was previously an employee at Countrywide Financial Corp., and was present during the mortgage meltdown. I saw firsthand how the company was falling apart from the inside while management continued to believe the organization could be rescued. Because of that experience, I have made bond analysis and studying the effects of inflation a specialty of mine.
Market direction is irrelevant. I look for value. Profitable companies that are low or even fairly priced, so long as the results are dependable. Intrinsic value is subjective, but earnings power matters. I am absolutely fearless of the future and do not make political views a part of my investment process.
I additionally make frequent updates to a blog maintainted at WhoTrades called "Brand Power", you can read and subscribe to it at bandpower.whotrades.com.
Academic background in accounting; MBA/CPA/JD. Headed a corporate pension fund; served as CFO for insurance company; established title/transactional firm; served as REIT CEO; former professor; served on profit and non-profit boards; currently share management responsibilities for hedge fund; compete in professional golf tournaments. Writing background includes various briefs in federal courts, including US Supreme Court. Currently trying to finish a science fiction novel. Trading experience focused on options and portfolio enhancement. Plans to retire from hedge fund as of December 31st. Future activities will include pro bono assistance to individuals and groups in need of retirement guidance. Looks forward to more time for writing and travel.
Chris Colvin, CFA, is the Founder and Managing Partner of Breach Inlet Capital Management, LLC, which is a Registered Investment Advisor. We use a concentrated strategy targeting U.S.-listed small cap equity transformations, defined as companies going through significant changes to create substantial shareholder value.