Value investor focused on finding strong businesses with high ROIC and barriers to entry that generate strong FCF at all times during the business cycle, effective and shareholder-aligned management teams and low Street coverage that are trading at prices well below their intrinsic value. Typically look for misunderstood / special sits names that have a substantial margin of safety, preferably with a catalyst to realize true intrinsic value.
Favorite Quotes aka 'Bull Market Sanity Checks'
"It's only when the tide goes out that you learn who's been swimming naked." - Warren Buffett
“The stock market is filled with individuals who know the price of everything, but the value of nothing” - Phil Fisher
"It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities." - Charlie Munger
"Those who cannot remember the past are condemned to repeat it" - George Santayana
“If you want to shoot rare, fast-moving elephants, you should always carry a loaded gun." - Warren Buffett
"Doing what everyone else is doing at the moment, and therefore what you have an almost irresistible urge to do, is often the wrong thing to do at all." - Phil Fisher
“It is impossible to produce superior performance unless you do something different from the majority.” - John Templeton
"The single greatest edge an investor can have is a long-term orientation." - Seth Klarman
“In the short run, the market is a voting machine, but in the long run it is a weighing machine.” - Ben Graham
"In the world of investing, being correct about something isn't at all synonymous with being proved correct right away." - Howard Marks
"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” - Warren Buffett
“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” - John Templeton
"If it’s close, we don’t play.” - Ben Graham
“There can be considerable opportunity as the perception of value pivots from the balance sheet to the income statement.” - J. Carlo Cannell
"Money is made in the dark, not in the light of day. Rejoice in the gloom and fear and consider adding to your investment.” - J. Carlo Cannell
"Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world." - Charlie Munger
"To buy when others are despondently selling and to sell when others are euphorically buying takes the greatest courage, but provides the greatest profit." - John Templeton
"Just because you buy a stock and it goes up does not mean you are right. Just because you buy a stock and it goes down does not mean you are wrong." - Peter Lynch
"Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Ben Graham
"It just seems logical that sticking to investing in only a small number of companies that you understand well, rather than moving down the list to your thirtieth or fiftieth favorite pick, would create a much greater potential to earn above-average investment returns." - Joel Greenblatt
"The most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell." - Ben Graham
Favorite Books (abridged list):
"Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor" [out of print] - Seth Klarman
"Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports" - Howard Schilit
"The Intelligent Investor: The Definitive Book on Value Investing" - Benjamin Graham
"The Most Important Thing: Uncommon Sense for the Thoughtful Investor" - Howard Marks
"Value Investing: From Graham to Buffett And Beyond" - Bruce Greenwald
2010 CFA Level 2 - Book 2 "Financial Statement Analysis" ... just kidding.
"If you need a friend in the market, then get a dog...it's trench warfare out there Sport and in here too..."
"The most valuable commodity I know of ... is information."
"Greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit..."
"What's worth doing is worth doing for money..."
- Gordon Gekko
"The Art of Speculation, like the Art of War, is all about Preparation.
Especially once the dogs are unleashed." - Get a Dog ... of War
I have a diverse background—as a financial journalist, resident physician, mixed martial artist, painter, entrepreneur, chemistry instructor and web developer—that enabled me to pioneer the “Integrated Investing Research” approach.
I provide consulting to clients, both the retail and professional investors. I accurately forecasted many clinical trials, such as the Flint Trials for Intercept, the Ascend Trials for InterMune and the Affinity Trials MannKind, just to name a few. Through Vincata Enterprises, LLC, I helped many clients to unlock substantial values for their investments.
As an expert in biopharmaceutical analysis, I am also more than capable of analyzing any other industries. Though not shown on Seeking Alpha, I have picked an aggregate basket of outperforming stocks.
Investing in biotech is highly risky, but it can be quite rewarding when investors have an edge in data analysis. Physicians who are rigidly scientific tend to lack the analytical prowess of financial experts. Conversely, financiers usually do not possess a physician’s medical expertise. Likewise, scientists are skillful in data analysis; yet they might not be familiar with a physician’s prescribing patterns, which is a requisite to successful biotech investing.
You can visit my website at https://www.retailinvestor360.com for business inquiry.