New investor looking to learn as much as I can by using Seeking Alpha as a forum for discussing potential investment ideas. I typically seek out easy-to-understand businesses, trading at valuations that indicate a significant margin of safety. Influences include the usual: Graham, Buffett, Klarman, Greenblatt and others.
I welcome any comments or criticisms on my articles.
"There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present."
-John Kenneth Galbraith
Lee is the general partner of Qualitas Capital Management, a private investment partnership that pursues capital appreciation by seeking superior risk-adjusted investment returns. The partnership invests in the public equities of high quality firms with solid and consistent growth prospects that Lee believes are significantly undervalued based on fundamental analysis. The partnership has a flexible mandate to invest across all business sectors, global regions, and market capitalizations. The partnership typically focuses on firms that Lee believes are relatively underfollowed and often misunderstood yet have what he views as attractive businesses, valuations, and catalysts.
Prior to forming Qualitas, Lee was a portfolio manager at Gator Capital Management ("Gator Capital"). At Gator Capital, Lee was responsible for launching and solely managing the Gator Opportunities Fund (the "Fund"), an open-end equity mutual fund registered with the SEC. During Lee's tenure as portfolio manager of the Fund, he delivered annualized returns of 11.2% (Institutional Class) / 10.9% (Retail Class) from the Fund's inception and outperformed Russell 2500® Index benchmark by 573 and 545 basis points, respectively, over that period. The Fund was ranked in the top 1% of 399 funds in Morningstar's peer category in its first year from inception and in the top 13% year-to-date through October. The Fund was also ranked 10th out of 447 funds in Lipper's "category killers" table in April for year-to-date performance (Wall Street Journal, 5/4/15).
Prior to joining Gator Capital, Lee was a member of the Fundamental Equities Group at Goldman Sachs Asset Management (GSAM). Lee's responsibilities at GSAM covered the gamut of the fundamental equities investment process from idea origination, research, analysis, and implementation to portfolio sector construction and management, risk monitoring, and strategic review. While at GSAM, Lee contributed significantly to the successful launch and growth of all-cap, mid-cap, small/mid-cap, and long/short equity investment products. Lee also provided analytical coverage primarily of the industrials and technology sectors across all market capitalizations.
Prior to joining GSAM, Lee was a co-founder of Tower Hill Securities, a merchant banking firm that focused on funding global emerging growth companies across various business sectors. Prior to co-founding Tower Hill, Lee was a founding member of the strategic consultancy Mitchell Madison Group, and an associate in the Financial Institutions/Services Practice of management consulting firm A. T. Kearney. Prior to joining A. T. Kearney, Lee was also a Faculty Lecturer at Princeton University's Woodrow Wilson Schools, where he co-taught several courses in applied quantitative and economic analysis with Professors Ben Bernanke and Alan Krueger.
Lee is a Chartered Financial Analyst (CFA) and a member of the CFA Institute and New York Society of Security Analysts (NYSSA). Lee received his BA from Yale University, his MPA from Princeton University, and his MBA from Stanford University, all with the highest honors and concentrations in economics, finance, and investment management.
If you like what you read don't hesitate to message me. My research is self directed and my views are completely my own. No requests from Investor Relations personnel please.
I’m a bit cheap, but I’ll pay more for quality. This approach extends to my investing, which makes me what’s typically called a value investor. I’m also a research psychologist, and as such I’m used to dealing with very noisy data. Consequently, I tend to take stock data with a grain of salt.
Berg is a passionate surfer and chief pilot of Surfline, Inc., where he flies an Aero Commander throughout the Caribbean, Central America and Baja in support of the company's R&D and quality control programs. In his spare time, he Chairs Surfline and NTN Buzztime Inc.(AMEX:NTN) and is a private investor.
Surfline is the leading surf digital media property in the world.
In 1999, he co-founded Swell, a direct marketer of surf apparel and accessories, which was sold to Billabong in 2009. Between 1995 and 2000, Mr. Berg was Chairman of AccentHealth, a network that provide segmented, patient education-oriented TV programming to over 10,000 medical waiting rooms. Mr. Berg has over 20 years experience as a professional investor, having founded Matador Capital Management in 1993, and before that working for 9 years at Raymond James Financial as an institutional securities analyst. Matador ran long/short equity hedge funds and separate accounts from February 10, 1994 through the end of 2006, compiling an audited track record for its flagship fund, Everglades Partners, LP, of gross and net returns, respectively, that trounced the S&P 500 of 278%.