I do not believe in good or bad stocks, only in good or bad prices for them. I am not afraid of volatility, and if I believe in a stock's prospects I will chase it all the way down to pennies. I am a patient investor, and if I like a company I will generally commit for the long haul. I rarely go short - the potential benefits in my view rarely compensate for the risks incurred. I sometimes use leverage, but in a disciplined way. Leverage and emotions don't mix. I always look at the math, numbers, and accounting behind any investment target or strategy. I believe that in finance the devil is in the details, and that most of the "macro outlook" commentary that pervades the financial media and financial forums is uninformed, pretentious mumbo-jumbo. I invest in many industrial sectors: energy (mainly oil & gas), mining, transportation, banking, and real estate. I do however shy away from segments of the market that I do not understand (e.g., biotechnology). I do not render individualized investment advice, and I do not manage or solicit for management any third-party capital. My analyses are solely for informational/educational purposes, and may contain errors.
I have been in this game for 12 years. Unfortunately (or fortunately) my first adventures were at the top of the tech bubble where for 5 short months I thought I was invincible. I soon found out how "vincible" I was. After the appropriate mourning period I decided that energy/resource stocks were cheap and became invincible again. Margin in an ever rising market made me, once again, "vincible" . I hope to learn.
Retail Investor, Shareholder Advocate and Editor of Stocks DD blog. You are cautioned to read the disclaimer in Seeking Alpha before reading my articles. I am NOT a registered investment adviser. My articles are ONLY for informative purposes and should NOT be treated as investment advice.
My investment philosophy:
1. Invest in Strong businesses (high barriers to entry) 2. Invest in Management with excellent track record for shareholder value creation 3. Invest at undervalued prices
Invest in special situations (bankruptcy or other restructuring) or Drug development firms, where there is with an asymmetric reward/risk...where I have strong conviction on a reward event.
I am also interested in the shareholders topics in publicly listed companies:
1. Shareholder rights 2. Giving shareholders a voice incl shareholder participation in value creation 3. Improving board and management's accountability to shareholders
Be a shareholder advocate and work towards insuring boards and management "do the right thing for shareholders", maximizing and protecting shareholder's value.
More on my ideas can be found here: