I seek out investments with asymmetrical risk/reward profiles with limited and predictable downside risk while also having upside catalysts to assist in the value realization process. I also focus on event-driven investing which can often lead to a contrarian position. Please do not hesitate to send me a message via Seeking Alpha's platform if you have any questions.
I work full-time as a strategy and management consultant for public sector clients but finance, economics, and investing are my passion. I self-manage my investment portfolio*, which is in the low seven digits of net worth and is comprised of common stock, preferred stock, hedged option positions and real estate (I purchase condos and SFHs that are distressed and rent them out). My investment style is opportunistic and since I started investing in the 1990s, I've owned a variety of asset classes using a variety of investment strategies including -- distressed deep value, momentum trading, Growth At a Reasonable Price (GARP), special situations, dividend growth, and turnarounds. My goal is to create a nest egg large enough that I could comfortably quit my day job and become a ski-and-hiking bum.
My current investment interests are high dividend stocks such as REITs (both mortgage and non-mortgage related), BDCs, MLPs, and asset lessors. I'm also interested in technology when I can get value, stocks trading below book value in general, and I've long been a fan of emerging markets and international stocks, although that's been a tough place to be lately. Although I don't have an intentional bias, I tend to be intrigued by smaller cap companies, probably because they are more easily misunderstood by Mr. Market. I love being right almost as much as I love making money.
I have a Masters in Financial Engineering from Cornell University.
*I also manage my mom's portfolio which is geared toward her status as a retiree and widow.
I've spent considerable time working for a registered independent advisor, doing work such as structuring client accounts, researching stocks/bonds, and performing due diligence on external managers. My career shifted when I took a role at a major investment bank, where I've supported the front office in mortgage-backed securities and derivatives. I now work in an oversight and risk capacity, identifying areas of risk and control weakness when it comes to regulatory compliance. As for trading style, I lean towards small/mid-cap companies, as I believe they have the potential for greater risk-adjusted returns. I'm firmly contrarian, and look to buy out-of-favor equities that have an opportunity to revalue upwards in the medium term.
My investment strategy focuses on balanced investing between short and long stocks. I follow a 'buy-and-hold' strategy for companies with strong fundamentals, while I short sell distressed companies with flawed fundamentals.
To contact me, please either send me a PM or email: email@example.com
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I am a Professional (and cautious) investor of 30 years. I have made very solid gains year after. I have personally invested, all over the world, in all types of investments, funds and financial instruments such as bonds, stock, trusts, options, currency and futures. The purpose of my reports and articles is to cut out the hype and rumours (which I see time and time again) and to present the known facts backed by my experience.
I have an interest in anything related to finance. I tend to focus mostly on telecom, IP firms, insurance, and biotech stocks. I enjoy researching and investing in stocks. I tend to focus on stocks that trade near or below $5 that have been beaten down.
I am an engineer by training who now invests full-time, having built up a reasonable enough nest egg through saving and investing via fundamental analysis rooted in a determination of intrinsic value. I have done well in the market throughout my investing career by running 60%-100% net exposure and 120%-160% net exposure. I view shorting as a wise hedging strategy against my long market exposure, but I have managed to make money on the short side over the years.
If you like what you read don't hesitate to message me. My research is self directed and my views are completely my own. No requests from Investor Relations personnel please.
I first learned about the stock market on my father's knee when I was about 10 years old. I picked my first stocks (Lubrizol and International Flavor and Fragrance) when I was 12. I learned about options a year later. I bought my first stock when I was 13. I began saving for retirement at 25. Now in my 60s, I've seen my share of bull and bear markets. I'm a value investor who tries to have a balanced portfolio of stocks held for the long term and a basket of overpriced stocks that I sell short. When the market is bottoming, I hope to be mostly long; when it's topping out I hope to be mostly short.
A graduate of both Harvard Law School and Harvard Business School, George Putnam, III first became involved with distressed securities as a lawyer in the late 1970s. Seeing the inefficient niche that bankruptcies and turnarounds were presented and researched, he founded New Generation Research, Inc. and began publishing The Turnaround Letter in 1986.
Since then he has frequently been quoted in Barron's, The Wall Street Journal, New York Times, USA Today and other financial publications. In 1990, he was named investment advisor of the year by USA Today. In addition to his responsibilities at New Generation Research, Inc., Mr. Putnam also serves as a trustee for The Putnam Companies, a mutual fund group with over $100 billion in assets.
I trade volatility ETPs (SVXY, XIV, UVXY), S&P 500 through SPY, UPRO, SPXU, and invest long term in Dividend Growth stocks with high dividend CAGR values. Individual stock picking is a waste of time to me unless the company pays out large and high growth dividends. Macro mixed with Volatility investing is how I trade long and short the market. I have developed a VIX Draw Cycle strategy to go long and short the market. RTS v1.0
Peter Way Associates is the only known provider of the price range forecasts of widely-held, actively traded stocks derived from the hedging activities of market-making [MM] firms as they balance big-$-fund sellers and buyers in large block trades. The price ranges offer explicit downside exposure forecasts not commonly found in publicly published investment analyses.
This is all forward-looking data, based on what the MMs will pay for protection against coming unwanted price change while temporarily committed firm capital is exposed to market risks. It is available by modest subscription cost at blockdesk.com.
The behavioral analysis involved has been performed daily since Y2K, now on over 3,000 stocks, ETFs, and market indexes. That has built an actuarial history of how market prices have subsequently behaved following several million price range forecasts, issue by issue.
That data provides a qualitative backdrop to current forecasts in terms of odds of profitable positions, size of prospective gains, credibility of forecasts, and worst-case price drawdown exposure experiences.
Peter F. Way is a veteran Chartered Financial Analyst, having taken and passed the CFA Institute’s required 3 examinations in the first years they were given, 40+ years ago.
Armed with BS in Economics from the Wharton School and an MBA degree from Harvard Business School, he has managed staffs of dozens of Investment Researchers and Quantitative Analysts for the nation’s largest bank, arbitraged index options for NYSE Specialists, and managed portfolios of hundred-million-dollar equity investments for Fortune 100 corporate pension funds and non-profit endowments.
He has been elected President of professional Investment Analyst Societies in San Diego and New York City and has served on the editorial boards of the Financial Analysts Journal and the CFA Digest. He has spoken at numerous schools and professional meetings.
I'm a well-informed retail investor and post on SA in order to expose my thought process to critical examination and comment from readers. It makes me a better investor.
I'm particularly proud of bullish macro articles posted in 2009 and later, in which I presented ideas that encouraged me to invest very profitably in a rising market. I also did articles on individual stocks, many of which contained insights not available elsewhere. Finally, I wrote a number of thoughtful articles critical of financialism and the lack of ethics on Wall Street.
I do not post for compensation, as I am concerned that editorial policy encourages and pays a premium for articles that invite the reader to speculate on the short term movements of microcaps, penny stocks, and controversial issues. The best way for me to monetize my insights is to invest accordingly.
As a retail investor, I don't give investment advice. I write about what I'm investing in, and the thought process involved in decision making and stock selection. Hopefully some of what I write is of benefit to others, by sharing my experience as I interpret it and helping them improve their investment thinking and process.
Acting Man has been named after the title of the first chapter of Ludwig von Mises' book "Human Action" - the best treatise on economics ever written. The blog's main author is Pater Tenebrarum, an independent analyst who has been involved with financial markets for 34 years and is writing economic and market analyses for independent research organizations and a European hedge fund consultancy. Acting Man presents articles on the markets and the economy, a mixture of commentary on current events as well as economic theory and history, mainly from an Austrian School of Economics viewpoint. As more authors have joined the site, we have begun to broaden our palette a bit, but our orientation remains the same: pro-free market, anti-state, pro peace.
I formerly sold capacity on a TransAtlantic fiber optic network. I have a MA in economics and passed several CFA exams. I divide my time between several European capitals. I now purchase and renovate apartments in Budapest's historic center. I employ PassivHaus techology in these apartments to maximize energy efficiency.
Joseph has been an analyst, investor, and student of economic theory; money and banking; and statistical methods for evaluating and implementing risk/reward trading algorithms since 1972. Joseph is also an occasional contributor to financial publications and his essays are frequently cited by other financial websites and publications.
Since the end of the Great Recession, Joseph came to recognize that traditional methodologies for forecasting economic growth and investment asset pricing are no longer of value, and a broader understanding of the post Glass Steagall, financially engineered world that has driven markets and economies since the turn of the century is required today.
He has a good grasp of Shadow Banking, High Frequency Trading, and Dark Pools, and their impact on today’s markets. He has also spent considerable time understanding the new global paradigm of central bank involvement in experimental policy designed to better control economies.
Joseph doesn’t subscribe to a specific school of theory on economics. Rather, his thinking is based on a combination of the Classical School, the Austrian School, and the Keynesian School. He even sees the writings of Karl Marx as particularly instructive.
Joseph is particularly fond of the following quote from Albert Einstein and sees his own work as driven by that same passionate curiosity that Einstein refers to:
“I have no special talents. I am only passionately curious.”
Coming in a close second in terms of favorite quotes that express his views, Joseph embraces Lord Acton’s views expressed here:
“The danger is not that a particular class is unfit to govern.
Every class is unfit to govern."
I am an ex- president of an aerospace company whose sales were about 800m/yr. The company was part of a larger corporate entity. I have had excellent training as a systems engineer and program management before being part of higher management and have run a fixed price synthesis program of over $1b successfully. My experience includes participation in acquisition teams and doing the due diligence process, running an egineering organization of 1000 people and being responsible for profit and loss of a technical and geographically diverse set of businesses.I have in the past taught probability and statistics and estimation theory in company sponsered courses to peers. I am married, have 6 children and16 grandchildren, write poetry and am writing a book. I have contributed to a medical book on brain surgery and been a reviewer of a management book by a former associate. While now retired, I serve on the board of a technical company and have been and still am an advisor to some small companies involved in homeland defence and after school enrichment education.
Here are few things I get tired of having to constantly post to remind people of facts:
1) Adam Smith advocated for the rich paying higher taxes: http://en.wikipedia.org/wiki/The_Wealth_of_Nations#Book_V:_Of_the_Revenue_of_the_Sovereign_or_Commonwealth
2) Don't blame Clinton or liberals for the repeal of Glass Steagall. There is certainly a lot to legitimately blame liberals for, but the repeal of the important parts of Glass Steagall, which separated regular banking from investment banking (aka, gambling), was the Gramm Leach Bliley Act, sponsored by Republicans and passed by a Republican-majority congress with a veto-proof vote in 1999. Note than many Democrats shamefully voted for it as well, but it certainly wasn't their idea.
3) Don't blame CRA for the housing crisis. While it ultimately may not have been a very good idea, the CRA was a laughably *minor* contributor to the crisis. The evidence of this is overwhelming. Even the WSJ admits it. Even Fox News doesn't tout this anymore because it'd be like claiming that gravity falls up. CRA certainly makes for an "easy" scapegoat (those darn poor people, it's all their fault!!), and but the facts don't support that argument.
The overwhelming majority of subprime loans (2/3 or more) were made by private banks not subject to CRA. Worse yet, among subprime loans, the actual CRA loans were MUCH less likely to default to private banks' subprime loans.
And look what happened to countries that didn't have the CRA -- they were even worse:
Now, my bio!
Yes, I'm smarter than you, especially if you're fat, bald, and extremely close-minded.
My positions on the state of the markets are summed up nicely in a recent article:
* Regulate CDS as insurance, with a requirement of insurable interest for the buyer, and adequate capital for the seller.
* Reinstate Glass-Steagall
* Apply a Transaction Tax, sufficient to deter HFT
* Impose Position Limits, both individual and collective, sufficient to maintain to volume of commodities futures trades in some meaningful relationship with the amount of the actual commodity in circulation or production.
* Outlaw synthetic securities
* Restrict MBS and other securitizations to simple structures, with wide tranches.
* Extend the statute of limitations for securities fraud and misrepresentation in the Securities and Securities Exchange Acts to seven years.
* Impose obligations on market makers and liquidity providers sufficient to compensate for the privileges and exemptions they receive.
* Develop international standards for regulation, strong enough to end regulatory arbitrage.
(article written by Tom Armistead)