Tim Travis' Instablog Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and to add an element of timing. Currently Tim Travis is the founder, Chief Executive Officer, and Chief Investment Officer of T&T Capital Management. T&T Capital Management is a Miami Beach, Florida based Registered Investment Advisor that manages accounts for both individual and institutional investors. Travis was born in Laguna Beach, California and became captivated with the value investment philosophy in his early teens through reading books written by Benjamin Graham, and the shareholder letters from Berkshire Hathaway, and the Buffett Partnership L.P. Tim Travis became intrigued by the notion that stocks aren’t just pieces of paper but instead are fractional shares of a business that can be analyzed by comprehensive analysis of the balance sheet, income statement, and statement of cash flows. He majored in Business and Economics at the University of California Santa Barbara, graduating in 2004, and he also had the privilege of studying international economics at the University of Richmond in Florence, Italy. Tim Travis got his feet wet in finance working for both Scottrade and AG Edwards & Sons during his college career. Upon graduation Travis worked at the Vanguard Group in Scottsdale, Arizona. It was there that he learned that most mutual funds underperform their respective indexes, and he became disappointed at the overwhelming diversification in most mutual funds, that really makes most of them function as “closet” index funds. After leaving the Vanguard Group, Travis worked for a small futures and commodities firm in Mission Viejo, California. It was there that Tim developed an adept knowledge of options, particularly the selling of options to take advantage of the higher probabilities involved. It was also during this time in his life that Travis began reading everything he could possibly find on value investing. Some of his role models in the field are Warren Buffett, Martin Whitman, Bruce Berkowitz, Seth Klarman, Peter Lynch, Glenn Greenberg, etc. After working with clients from around the world Travis broke away and started T&T Investment Management L.L.C. At T&T, Travis refined his unique methodology combining value investing, with the selling of options to generate income and reduce risk. T&T experienced explosive growth by partnering with a local commodities firm. After several years Tim Travis realized that without controlling the majority of the company any longer, he didn’t have full control over the company’s strategic direction. Divergent business principles caused Tim Travis to break away and form T&T Capital Management. At TTCM which Tim Travis is the sole owner, he is allowed to offer only the best products and services, at a reasonable price, without conflicts of interest. T&T Capital Management’s goal is build wealth for both individual and institutional investors, and to accomplish these goals Travis as Chief Investment Officer employs his deep value investing techniques. Each account is managed on a day to day, personal basis, and there are no cookie cutter portfolios defined only by one’s age and risk tolerance. Every security is researched and hand selected by Travis and his research team. T&T Capital Management takes pride in first class customer service and research which is regularly communicated to clients for education purposes. Tim Travis http://seekingalpha.com/author/tim-travis/instablog Bruce Berkowitz Talks About Investing At University Of Miami-Gurufocus http://seekingalpha.com/instablog/1066208-tim-travis/1319951-bruce-berkowitz-talks-about-investing-at-university-of-miami-gurufocus?source=feed 1319951 Gurufocus posted a recent interview with Bruce Berkowitz at the University of Miami. The questions weren't too hard hitting, but I always find him interesting to listen too. It was interesting to hear that he may be considering sources of long-term capital. I think he would be a great manager of an insurance company portfolio similar to how Buffett and Einhorn have structured things. Enjoy.

http://www.gurufocus.com/news/199277/bruce-berkowitz-talks-about-investing-at-university-of-miami

]]> Wed, 28 Nov 2012 15:24:08 -0500 Gurufocus posted a recent interview with Bruce Berkowitz at the University of Miami. The questions weren't too hard hitting, but I always find him interesting to listen too. It was interesting to hear that he may be considering sources of long-term capital. I think he would be a great manager of an insurance company portfolio similar to how Buffett and Einhorn have structured things. Enjoy.

http://www.gurufocus.com/news/199277/bruce-berkowitz-talks-about-investing-at-university-of-miami

]]> Bruce Berkowitz Bruce Berkowitz- Return Of A Star Fund Manager (Fortune) http://seekingalpha.com/instablog/1066208-tim-travis/1310551-bruce-berkowitz-return-of-a-star-fund-manager-fortune?source=feed 1310551 For those who have followed us for some time, you know that we are big fans of Bruce Berkowitz and his investment style. He is probably the guy we have the most in common with in terms of our stock selection process. Last year was a tough year for him, but while investors in his fund were leaving in droves, we believed and said they were making a bad decision. This year he has rewarded those that were patient with upper 30% returns. The best part is there is still a lot of upside in the large financials. At TTCM we have large positions in AIG, C, BAC, MS and we prefer AGO over MBIA. We also utilize put options to get in at cheaper prices than what would be available if we just bought the stock outright. This helped us in 2011 when financial stocks were extremely weak, and we've been able to ride the climb thus far this year. I still believe most of these stocks are at least 50% undervalued. Below is a link to the article.

http://finance.fortune.cnn.com/2012/11/26/bruce-berkowitz-fairholme/

Disclosure: I am long [[C]], [[BAC]], [[AGO]], [[AIG]], [[MS]].

]]> Mon, 26 Nov 2012 11:42:24 -0500 For those who have followed us for some time, you know that we are big fans of Bruce Berkowitz and his investment style. He is probably the guy we have the most in common with in terms of our stock selection process. Last year was a tough year for him, but while investors in his fund were leaving in droves, we believed and said they were making a bad decision. This year he has rewarded those that were patient with upper 30% returns. The best part is there is still a lot of upside in the large financials. At TTCM we have large positions in AIG, C, BAC, MS and we prefer AGO over MBIA. We also utilize put options to get in at cheaper prices than what would be available if we just bought the stock outright. This helped us in 2011 when financial stocks were extremely weak, and we've been able to ride the climb thus far this year. I still believe most of these stocks are at least 50% undervalued. Below is a link to the article.

http://finance.fortune.cnn.com/2012/11/26/bruce-berkowitz-fairholme/

Disclosure: I am long [[C]], [[BAC]], [[AGO]], [[AIG]], [[MS]].

]]> c bac ago mbi aig ms Howard Marks Quarterly Report http://seekingalpha.com/instablog/1066208-tim-travis/1300371-howard-marks-quarterly-report?source=feed 1300371 I feel that Howard Marks is one of the most intelligent and thoughtful people that I've read and I regularly enjoy his commentary. Below is his most recent commentary, which is political yet right on in my estimation. Hopefully our politicians realize that compromise is the only way to solve some of these problems that we face as a nation. Enjoy!

http://www.oaktreecapital.com/MemoTree/A%20Fresh%20Start%20(Hopefully)%2011_19_2012.pdf

]]> Wed, 21 Nov 2012 11:18:28 -0500 I feel that Howard Marks is one of the most intelligent and thoughtful people that I've read and I regularly enjoy his commentary. Below is his most recent commentary, which is political yet right on in my estimation. Hopefully our politicians realize that compromise is the only way to solve some of these problems that we face as a nation. Enjoy!

http://www.oaktreecapital.com/MemoTree/A%20Fresh%20Start%20(Hopefully)%2011_19_2012.pdf

]]> Tim Travis On Bloomberg's Lunch Money Discusses Hewlett-Packard http://seekingalpha.com/instablog/1066208-tim-travis/1297471-tim-travis-on-bloomberg-s-lunch-money-discusses-hewlett-packard?source=feed 1297471 Nov. 20 (Bloomberg) - T&T Capital President Tim Travis talks about Hewlett-Packard's (HPQ) earnings and how to invest in it using stock options. He speaks on Bloomberg Television's "Lunch Money."

http://www.ttcapitalonline.com/media

Disclosure: I am long [[HPQ]].

]]> Tue, 20 Nov 2012 16:21:54 -0500 Nov. 20 (Bloomberg) - T&T Capital President Tim Travis talks about Hewlett-Packard's (HPQ) earnings and how to invest in it using stock options. He speaks on Bloomberg Television's "Lunch Money."

http://www.ttcapitalonline.com/media

Disclosure: I am long [[HPQ]].

]]> hpq Bloomberg stock options value investing Tim Travis On Bloomberg's Lunch Money Discusses Wal-Mart http://seekingalpha.com/instablog/1066208-tim-travis/1282451-tim-travis-on-bloomberg-s-lunch-money-discusses-wal-mart?source=feed 1282451 Nov. 15 (Bloomberg) - T&T Capital President Tim Travis talks about Wal-Mart's earnings and his investment strategy. He speaks on Bloomberg Television's "Lunch Money."

http://www.ttcapitalonline.com/media/

Disclosure: I am long [[WMT]].

]]> Thu, 15 Nov 2012 16:22:50 -0500 Nov. 15 (Bloomberg) - T&T Capital President Tim Travis talks about Wal-Mart's earnings and his investment strategy. He speaks on Bloomberg Television's "Lunch Money."

http://www.ttcapitalonline.com/media/

Disclosure: I am long [[WMT]].

]]> wmt options bloomberg value investing Tim Travis Bloomberg Interview 10/25/2012 TTCM CEO Discusses Apple http://seekingalpha.com/instablog/1066208-tim-travis/1212751-tim-travis-bloomberg-interview-10-25-2012-ttcm-ceo-discusses-apple?source=feed 1212751 Below is the interview with TTCM CEO on Bloomberg discussing Apple. Enjoy!

http://www.ttcapitalonline.com/media/

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

]]> Thu, 25 Oct 2012 15:11:41 -0400 Below is the interview with TTCM CEO on Bloomberg discussing Apple. Enjoy!

http://www.ttcapitalonline.com/media/

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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