Quote: "It is well enough that people of our American nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
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Retired news reporter, former business writer for two daily newspapers. Former business owner.
Manages own IRA, to keep hand on pulse of the market.
Thinks the banking system is a no longer sophisticated control mechanism to keep the serfs in bondage.
Born in Spain, where I lived before moving first to Paris and then to Belgium, where I am currently based, I am a young investor who wants to learn from better and more experienced investors and to earn a decent rate of return on my investments over my entire lifetime.
Follower of the Graham & Dodd investing philosophy, I admire investors such as Warren Buffett, Charlie Munger, Walter J. Schloss, P. Fisher or Peter Lynch. I also learn from other academics such as Bruce Greenwald or Michael Porter.
I try to look for undervalued securities and to buy them when a big enough margin of safety exists. I try to hold them as long as possible, forever being my ideal holding period, as Buffett would say. I don't care about charts, resistances or price averages. I don't care about macroeconomic data. I do care about company fundamentals. I do care about balance sheet valuation. I do care about competitive advantages and earnings power.
Just like everyone else, I like to earn money. But above all I hate losing it.
Providing insight and education to investors on the unique business of AVT, Inc. Manufactures of high tech automated retail machines that can dispense a wide variety of products from snacks, drinks, pharmaceuticals, gold coins, electronics, carpet cleaning machines, propane tanks, etc. We continue to develop innovative systems that provide operators with efficient methods to increase revenues, reduce shrinkage, and be remotely managed wirelessly.