I am a partner in Hong Kong based GFM Group that provides investment research to professional investors and capital markets training to finance professionals.
I also manage a private investment firm called Lexington Wall Partners that invests in value and special situation opportunities globally.
I have nearly 20 years of experience in finance, having held capital markets and corporate finance positions in New York, London and Hong Kong. I hold two masters degrees in finance from London Business School and Asian Institute of Management / McGill University.
I am a believer in value and special situations investing. I am a bottom up investor, and tend to look for "low risk, high optionality" type of opportunities. For me, risk is permanent loss of capital, not volatility or temporary drawdowns. I also tend to gravitate towards moderate concentration with 15-20 positions. I avoid margin leverage, try to keep my turnover below 15%, and express my positions through stocks, bonds or listed options.
My edge comes from three sources.
a) Having an investment holding horizon of around 5 years, which gives me the benefit of lower investor competition.
b) Deploying unleveraged sticky capital which gives me enormous staying power and an edge over mutual and hedge funds who manage shorter term capital in general.
c) My ability to deploy both my corporate finance and trading experience in evaluating an opportunity, which sometimes enables me to find obvious mispricing.
I believe that investing successfully is like running a marathon. Its a result of hard work, Charlie Munger's "worldly wisdom" and luck. Its a discipline where experience is cumulative - I make better decisions than I used to, my learnings from the past strengthens my current research.
My heros are investors like Joel Greenblatt, Mohnish Pabrai, Marty Whitman, Charlie Munger and of course, Warren Buffett. I admire not just their investment acumen but also their generosity in educating the world in the craft of prudent investing.
My LinkedIn profile is hk.linkedin.com/pub/anand-batepati/0/558/736/
I am a student of the market, and have been blessed to make a living doing my hobby - researching and investing in stocks. I am a patient, long-term investor who likes to capitalize on misperceptions, short-term dislocations, and an occasional risky stock too unsavory for polite company, but with sufficient upside to warrant taking the risk.
Keeping the Investment Community Informed on Equities, Spotting Trends, Tracking Investor Sentiment, Creating Value and Profits for Investors.
Spinoff Investing Report covers event-driven and deep value investment opportunities: spinoff, bankruptcy, reorganization, activist investing, corporate restructuring, demutualization, forced sell-off, going private, etc..