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I am an undergraduate finance student and value investor influenced by the likes of Buffett, Graham, Marks, Klarman, Greenblatt, etc. I am currently interning for a value oriented fund based in Texas, and I’m also searching for an internship for summer 2017. I can be contacted by phone at 1-508-505-8910 or e-mail at firstname.lastname@example.org.
For a little more background…
I started reading Graham and Buffett when I was around 14 or 15 years old and quickly began to develop a passion for value investing. People often say that something just “clicks” and that’s certainly what happened for me. I began investing my own money shortly after and then began to write for Seeking Alpha in my junior year of high school. I have come quite a long way as an investor since then, as you can see by looking at the comparative simplicity of some of my earliest articles.
Over time, my investment philosophy has developed into a strictly value oriented approach, but this does not mean we need to make value and growth a dichotomy. Some companies might be a buy at 25x earnings while others might be a sell at 10x earnings. Through a thorough analysis of competitive and other qualitative factors, along with a valuation through DCF and/or comparable company multiples, I will ultimately arrive at my decision whether to buy, sell, or do nothing. Most of the time I don’t do anything. I aim to only purchase stocks when, simply put (and it’s much more complicated in practice), not everything has to go right in order for the investment to work out. Although I think the strong form EMH is quite ridiculous and has been disproven by various track records, I’m willing to admit that it’s quite difficult to find a security that has an adequate margin of safety worked in. It requires that I constantly try to turn over more rocks.
Although I originally started writing for Seeking Alpha as a way to increase my knowledge and earn a little bit of spending money, its primary use has now developed into serving as my investment journal. I will give each idea I write up a thorough qualitative and quantitative overview, and make my decision based on the findings. I will continually revisit past works to see how the idea has been developing and where I may have gone wrong so that I can avoid similar mistakes in the future. I welcome any and all feedback on my articles, and please feel free to reach out if you wish to contact me for whatever reason (information above).
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.
Andy Zaky is a Hedge Fund Manager at Bullish Cross Asset Management, and editor of the Bullish Cross financial newsletter. His main area of knowledge is in global macro economics, fundamental analysis and technical analysis. Andy has about 14 years of investment experience, a strong background in accounting and financial statement analysis, technical analysis, broad market analysis, macro economics and law. Andy both focuses on long term investments and trading short term calls and puts on the major index-pegged ETFs (QQQQ, SPY and DIA). Andy has a J.D. from the UCLA School of Law.