Card Carrying GOP Republican Conservative, Love Glenn Beck, IMUS in the Morning, Rush Limbaugh, Sean Hannity, Coast to Coast AM Radio, Sherlock Holmes Mystries, Marriott International, Dallas Cowboys, FOX NEWS, and FOX BUSINESS...
CPA and CFP(r) in East TN. Universtiy of Colorado, Boulder: BA Accounting. Several years "Big Eight" auditing. Independent CPA, CFP, dually registered RIA/registered rep. Specialize in physicians, business owners/executives and retirees.
Retired Aerospace Systems Engineer and Physicist (Ph.D, Physics MIT 1965.) HaShem Enthusiast, Gardener, Photographer. My main career focus was on sensor system engineering. This often involved computer based simulation and modeling to perform design studies, system performance analysis, data assessment, and risk assessment. As the saying goes, "when a "well known physicist says something cannot be done, it will be accomplished within a year."
Early in my career, while at MIT's Lincoln Laboratory, which is physically located in the next town, Lexington (;-), I worked with ARPA's Jason Committee members. Exposure to such fine minds was quite beneficial. Members were Nobel Prize winning physicists. Next, I was fortunate to work at The Avco Everett Research Lab, in Everett (;-) AERL knew what town they were in! Our work was reviewed by Professor Hans Bethe of Cornell University, recipient of the Nobel Prize in Physics for analyzing the Carbon Cycle in the Sun. Other very important influences on my approach to analyzing problems were my High School teachers: Mr. Seltzer, Mr. Eisenberg, Mr. Martino, and Dr. Ranucci. An equally important influence was Professor Larry Spruch at The Physics Department of NYU's Washington Square College, where I was an undergraduate. He taught me how to estimate things. His thesis was that a physicist should be able to estimate anything (not limited to physics problems) to within plus or minus an order of magnitude. That's a pretty wide spread. Once you practice, you can work those limits down considerably. It's much easier today with the advent and growth of ARPA's Internet.
I have a new discovery... When financial or rather banking or economic gurus ALL say that something in their area of expertise can not be estimated, it will take (a physicist/systems engineer) less than a month. (Is it because the bankers/ financial miscreants do not know how, or they don't want you to know what they know? It makes you wonder...) Of one thing I am convinced, they do not understand how to use their risk management tools. The bankers have no understanding as to when the results they are getting with their risk managment tools are meaningful, when they are misleading at best, and when they are totally wrong...
The next thing I learned is that the purchasers of financial "products" do not spend significant time with, or even visit the manufacturing line, to see how the "product" is being put together and packaged. To understand the quality of the widget, you need to see the process. Strange they would not have done so. They relied on rating agencies, who also did not visit the issuing process of a mortgage they would actually buy - some for resale, and some to keep - because they were so profitable, in the short term, to service. This lead to such large bonuses that it warped their judgment.
If you analyze the sensor data from a data gathering mission with a sensor mounted on an aircraft, the first person you talk to should be the pilot, then the operators, then the design hardware and software engineers... Is a pattern emerging?
I recommend that the current crop of economics advisors to President Obama study Norm Augustine's laws. They need to learn how to analyze complex systems. They need to study systems engineering and develop alertness and common sense. This is the crop that has not demonstrated any of the necessary skills, and they want to keep their banker buddies on the job using pay raises and bonuses to induce them to remain. Why? You did ask, right? Beats me.
I now understand how to turn around the current recession in a clear, relatively inexpensive way. It should take six months to a year. I will be happy to do it for free if I can dole out the funds, and keep what's left over of the roughly $1.5 trillion already allocated for the financial and economic equivalent of remedial reading. Those funds won't generate any sustainable jobs. The word "sustainable" is very important. No one will deny that. I have not seen anyone else say they know how to do it. Am I an ego maniac? I doubt it. Any reasonably bright four year old could figure it out. Such a person has not been trapped into the demonstrably incorrect assumption set, outmoded ideologies, and failure laden modes of thought of the members of the President's council of economic advisors...
Michael Jon Byers- author, talk show host and financial planner
Michael Jon Byers is president and founder of both Lonestar Registered Investment Advisors PLLC and Texas Alliance Financial Services PLLC. Michael has a goal to help every client to protect their personal financial life and freedom from the volatility of the greater economy. It is Michael’s mission to educate and equip everyone to live the financial life of their dreams. Michael Jon Byers is a familiar face on TV where he frequently contributes to news stories as a featured financial analyst. Michael’s voice has been heard for over seven years as he host a live, call-in radio show “The Money Talk”.
As an author, talk show host and personal financial expert, Michael Jon Byers excels at making complex financial matters understandable for readers and audiences all over the country. The proud son of an Army father, Michael grew up in Korea, Okinawa Japan, Germany and the United States. He stays busy growing his financial practice and raising four wonderful children; Kimberlee, Ethan, Caden and Seth.
I have been a trader and investor since I was teenager. Trading and investing are my passion and life-long hobby. I have worked for several Fortune 500 companies and consulting companies in various analytic and management capacities (risk management, financial analytic, audit, regulatory compliance, information technology, project management, management consulting) for the past 10+ years. I consider myself as a Deep Value Trader (hence the name of my site) who focuses on identifying and capitalizing on deep value situations across all asset classes. My aim as a trader is to generate at least 18% annual performance return and to materially outperform S&P 500, DJIA 30, and Nasdaq Indexes over the long-term.
I have tracked my virtual trading performance record since Nov 2000 and decided to publish my record in Nov 2009 on my site DeepValueTrader.com. Please visit the portfolio performance page to check my virtual fund’s performance. So far, I have been able to generate 23.18% annual return since Nov 2000 and have outperformed the markets by significant margins.
My goal with this site is to run a real mutual fund with long-short strategies focusing on multi-directional trading in undervalued and overvalued opportunities across all asset classes globally. It takes about approximately $10 million in assets under management (AUM) to break-even in running a real mutual fund. Hence, my approach are:
- To build proven and transparent performance record
- To provide market analysis and trading transparency (to some extend to protect my intellectual property and to avoid being viewed as investment advisor that recommend specific assets/securities) to my readers and followers to allow them to understand my thought process, market analysis, trading and risk management strategies
- To convince my readers and followers that my track record, transparency, and effort are worth backing/investing — you can pledge your unofficial commitment for the fund I am going to create by emailing me you name, city, state, and amount of commitment to email@example.com. Once the total amount of commitment meets $10 million in assets, I will officially launch the real mutual fund for investors to subscribe/invest.
My trading & investment philopshy: http://deepvaluetrader.com/philosophyandstrategies
Please visit my official site: http://www.deepvaluetrader.com
My contact info: firstname.lastname@example.org