Intellectually curious, Sr. Financial Analyst for a Fortune 500 firm with big plans for 2011 and beyond. Level III CFA candidate, MBA with a passion for investing. My investing style is value / contrarian. I also blog at seekingdelta.wordpress.com where my posts primarily revolve around macro economic analysis, investor sentiment, broad based valuation metrics or anything else investing related that captures my attention. **My goal for '11 is to become a top 75 author and top 10 instablogger. Check out my blog/articles/comments and if you like please consider following and help me achieve this goal.**
*What the mind can conceive and believe it can achieve. Napoleon Hill
*The difference between who you are today and who you will be in 5 years is the people you spend time with and the books you read.
*Most people get ahead during the time others waste.
I am an advocate of the acquisition of wisdom (the ability to recognize difference) and being a constant learning machine. We were born into this world ignorant and incoherent and this mental capacity can only be remedied by obtaining wisdom and knowledge vicariously through others or by experience. I prefer both. Modeling is a very effective mental model and overcomes the learning curve of a discipline at an escalating rate. Warren Buffett / John Maynard Keynes / Peter Lynch are the models I use. Inventing the wheel contributes to loss in opportunity costs, inadequacy of conviction in ones conclusions, lack of direction, shortage of confidence to concentrate assets (not over diversifying) and steep expensive learning curves.
Awareness does not bring success. Implementation of awareness develops results, and it is refined results persistently applied that attracts a fortune. A fortune can't be pursued it must be attracted through a definite purpose, definite plan put into continuous action, and concentration of effort that is persevered through all possible tempting distractions.
All is well because all grows better.
Prior to founding T2 Asset Management, Dan held various positions at some of the largest investment firms in the country as a trader, portfolio manager, and strategist. With nearly 20 years of professional experience, Dan has managed billions of dollars for institutions, endowments, foundations, pension plans and individuals. Dan received his MBA in Finance from DePaul University. He is a Chartered Financial Analyst and a member of CFA Institute as well as CFA Society of Chicago.
I am projecting that the US govt is near insolvent and that we will be facing a new Bretton Woods currency agreement bringing gold back into the monetary system in combination with a sudden fiat currency devaluation (across the board-most currencies) against gold over a long weekend or an outright sovereign debt panic by 2020-2025. The least expected outcome double digit inflation is very likely sometime in the future. The Fed PRO-POVERTY policies are going to crush the poor, fixed pensioners and lower middle class since disposable income growth is limited. Beware middle class and retirees your purchasing power will drop dramatically when everyday necessities absorb a larger % of your income. To spread the word to the brainwashed American drones that this economy is one big illusion ponzi scheme and you are infact broke. Issuing more debt to solve a debt problem is crazy. I am accepting nominations for those that played a major positive and major negative impact on our economy. Inductees: The Hammer Hall of Fame Bill Black Brooksley Born David Walker Ron Paul Robert Rodriguez Peter Schiff David Stockman Janet Tavakoli John Bogle Elizabeth Warren Steve Wynn ============================== The Hammer Hall of Shame Ben MadMan Bernanke Lloyd Blankfein Bush II Jamie Diamond Shaun Donovan Barney Fwank Dick Fuld Alan "The Maestro" Greenspan Tim Geithner Paul king Krugman David Lereah Angelo Mozillo Obama The NAHB The NAR Henry Paulsen Nancy Pelosi Charles Prince Franklin Raines Robert Rubin David Stephens Larry Summers Bob Toll Maxine Waters Lawrence Yun
I have been in the stock market for 20 years, tried/practiced different strategies(Fundemental Analysis) and methods(Technical Analysis). Ben Graham's Value Investing principle turned out to be my fundation (which I am mostly comfortable with), Warren Buffett's early investment style is what I like and do, except adding the Tech Industry insight to compensate the fact that I don't have the big money he later had to take over companies and run them effeciently, I am only a small passive investor. Peter Lynch's 10-Bagger, 30-Bagger approach is my style - once I found a stock with good potential at the bargain basement price, I buy big and hold on to them for 10+ fold profit (LT capital gain). I am focused on tech stocks (trying to leverage my 30 years tech background) because of their wild swings, had some good rides and bad ones. 2008 was a very humbling year, 2009/2010 treated me pretty well - knock on The(my) Wood(head)! Hope my good luck continues...