As an investment advisor for the past seven years, I've managed portfolios consisting of both growth and value and small and large cap stocks as well as bonds, REITs, MLP funds and other securities. Managing money for high net-worth investors my focus has been mainly on high quality stocks held for the long-term.
Looking for capital to invest. I am a contrarian long-term investor in stocks related to gold, silver, oil, gas, uranium and zinc.
'Overvloedgolf' is a self-invented Dutch word meaning something like 'wave of abundance'.
You are welcome to contact me: email@example.com
Marc Langefeld, CFA, is currently managing family accounts. Marc previously worked at Pinnacle Associates, a NY-based investment management firm, as an Assistant Vice President, and generated new ideas for its international portfolios. Prior to joining Pinnacle, Marc worked at Globalvest Management Company LP as a Senior Equity Analyst and contributed to the strong investment returns of the company's global funds. Prior to working at Globalvest, Marc worked at global investment houses including Daiwa Securities America Inc. and Credit Suisse First Boston. Marc graduated cum laude with a BSBA degree in Finance from the University of Richmond in 1999 and earned the Chartered Financial Analyst designation in 2002. He is a member of the CFA Institute. If you would like to email Marc, please do so through LinkedIn at www.linkedin.com.
Netherlands based non-professional stocktrader with a private portfolio; good at stockpicking; not good at options. I prefer companies with a good ROI, ROE, PEG-ratio, good and inspiring management, a durable competative advantage. BUY AND ACCUMULATE (B&A) is my approach. I'm in the market for the company's profit, not the stockprice in the first place.
As an investor, I look for companies with excellent long term economics and capable, honest management that can reinvest earnings at an attractive rate.
My view is that it is best for to find companies that can compound earnings internally at a market beating rate rather than relying purely on the arbitrage profit gained from buying assets at a discount from their intrinsic value. I hold this view for two reasons:
1. The market has become more efficient as more value investors rise having gained exposure to Benjamin Graham's teachings either directly or indirectly though knowledge transmission in the industry. Therefore there are fewer severely mispriced securities.
2. The approach of finding excellent companies allows the investor to park his money within the stock for longer, as the company will increase by value autonomously through the virtue of the company increasing its business value year over year. This prolonged holding period has a multitude of benefits such as: (A) reduced transaction costs as fewer trades are needed for the portfolio, (B) An interest free loan from the government, as capital gains tax will only be paid when the security is sold and gains are realized (For a more detailed discussion see section "Taxes" in http://www.berkshirehathaway.com/letters/1989.html), (C) the ability to follow fewer securities and expend more resources researching and understanding each better, as fewer investment decisions will be needed to be made over any time period. This leads to investing in the investor's best ideas.
As I believe the goal of compounding capital at an attractive rate primarily falls on the management of companies held in the portfolio, my view of my job as an investor is focused on these roles:
I. Identification and Diligence: The first and foremost job of the investor is identifying attractive companies with excellent long term economics and capable management, and then doing the full diligence to understand the economics of the company and address any potential red flags that comes up during the investor's research.
II. Price monitoring: Even a great company is not a good investment at certain prices. Therefore the investor must monitor the price to buy at a fair or preferably a discounted price. Also, if a security begins to have a market value far beyond the business value of the company, the investor should sell his holdings to return capital to reinvest in more reasonably priced excellent companies.
III. Business monitoring: Not only does the market price of the business need to be monitored, so does the business value of the investment. If the economics or situation changes at the company, the investor must know and continuously reevaluate the investment thesis.
IV. Portfolio Diversification: the investor as a capital allocator has the job of eliminating individual industry risk of the portfolio. Each portfolio company's management can focus on providing excess returns within their industry. The investor must also look at it from a higher level and diversify away from industry risks by holding a portfolio of non-correlated securities operating in different segments of the market.
Adam Xiao graduated with a degree in Operations Research and Management Science from UC Berkeley. He currently works as an Equity Research Associate at a major Investment Fund.
O’Brien Greene & Co. provides independent investment management to a individuals, families, and corporate retirement plans as well as trusts, insurance companies, and charitable endowments. We seek the preservation and growth of capital through good and bad markets. The firm has more than $270 million under management and its offices are located in suburban Philadelphia in the borough of Media, Pennsylvania.
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