Victor B. Elkind founded the General Partner of his hedge fund (Pairs Perfect Capital Partners) in 2010 after 20 years in the financial services industry. He was formerly Senior Vice President - Portfolio Manager running an international book of business worth over $400,000,000. Prior to Morgan Stanley, Mr. Elkind worked at Shearson Lehman Hutton and Drexel Burnham Lambert as a retail broker.
Mr. Elkind was educated at Horace Mann and Cornell University. He earned a B.A. degree from the State University of New York. His initial career path was in marketing and advertising. He held increasingly responsible position in product management and new product development at General Foods Corporaton before relocating to California to launch his own consulting firm.
Here is how I see things:
From what I can see TSLA (the stock) has reversed the greater fool theory.
1. Demand problem (nope)
2. Competition problem (nope)
3. Finance problem (nope)
4. What goes up must come down (basic lack of due diligence)
5. If it was any other car maker... (it's not, it's this one)
6. Political issues (each to their own)
7. State of denial (what can I say)
Where greater fool theory kicks in is the idea that these guys imagine that they can sell this nonsense to each other and the price will go down forever. For starters Investors are unmoved by this gibberish because not a shred of it is actually true/relevant and secondly the price will more likely go up and not down.
The problem being that Tesla is actually an incredibly advanced and very successful early stage business with magnificent management which will inevitably keep romping forwards until some as yet unidentified future event causes them to slow down a bit. Right now the only one that is clearly true is saturating the entire global demand for vehicles and batteries - and that is not necessarily the end of it either because if they run out of people to sell cars and batteries to there is always trucks, aircraft public transport and marine vessels.
I guess there is something sooner than total global saturation of every addressable market and so do the bears, but guessing and playing the markets to win are not good bed fellows. That is called gambling.
I am a value investor interested in learning more about the market and various trading strategies. I have been investing in stocks for over a decade now, and learned a lot about myself and investing in general. I believe in individual rights and free markets (therefore limited government), but have been around the block long enough to know that capitalism is not perfect and the market is subject to corruption and manipulation. I also believe it is possible to profit in any market - the key lies in your decisiveness, risk tolerance, and time horizon.
Several books that inform my investment philosophy are:
1) William O'Neill - How to Make Money in Stocks
2) Edwin Lefèvre - Reminiscences of a Stock Operator
3) Michael Sincere - Understanding Options
4) Benjamin Graham - The Intelligent Investor
5) Robert Hagstrom - The Warren Buffett Way
6) Ken Fisher - Markets Never Forget (But People Do), The Only Three Questions That Still Count
7) Pat Dorsey - The Five Rules For Successful Stock Investing
8) Heather Brilliant & Elizabeth Collins - Why Moats Matter
9) Jim Rogers - A Gift to My Children
10) Ray Dalio (video) - How the Economic Machine Works
I have also taken graduate courses in Strategy, Investments, Portfolio Management, Entrepreneurial Finance, Corporate Finance, Financial Accounting, Corporate Governance, and Valuation.
Some of my favorites quotes:
when we know ourselves to be connected to all others, acting compassionately is simply the natural thing to do. -rachel naomi remen
the markets can remain irrational longer than you can remain solvent. - j.m. keynes
it is only by being bold that you get anywhere. if you are a risk-taker, then the art is to protect the downside. -richard branson
i have always believed that the only way to cope with a cash crisis is not to contract but to try to expand out of it. -richard branson
entrepreneurship is the pursuit of opportunity without regard to resources currently controlled. - howard stevenson
don't optimize a melting ice cube. - kevin efrusy
the test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function. - f. scott fitzgerald
the dissenter is every human being at those moments of his life when he resigns momentarily from the herd and thinks for himself. - archibald macleish
it ain’t so much the things we don’t know that get us into trouble, it’s the things we do know that just ain’t so. - artemus ward
if you resist reading what you disagree with, how will you ever acquire deeper insights into what you believe? the things most worth reading are precisely those that challenge our convictions. - oliver wendell holmes
Dr. Brian Morin is currently President & COO of Dreamweaver International, a company that developing and marketing a high performance battery separator that can reduce the volume, weight and cost of lithium ion batteries while improving the safety during thermal events.
Brian also serves on several boards and foundations, including the External Advisory Board for the Clemson University Department of Materials Science and Engineering, the Foundation Board for the North Carolina School of Science and Mathematics and as Vice President of the National Alliance for Advanced Technology Batteries.
I'm an Independent investor with a passion for equity research. I'm usually long term minded, but occasionally engage in short term trades.
My trading style focuses primarily on fundamentals, with short term technicals occasionally commanding my attention. I believe that making money in the market requires forward thinking investment objectives, patience, confidence, and a trading ethic that embraces the opportunities presented by short term downtrends.
To reach out to Forward Looking Guru for business opportunities, to share ideas, guest writing opportunities, consulting opportunities e-mail him at Forwardlookingguru@gmail.com.
I'm an Engineer from New Zealand, recently moved back to the homeland after 4 years of living in Switzerland. I've a little under a decade of experience in product development in the energy industry; most of it relating to grid interactive power electronics applied to a range of applications including electric vehicle fast charging and grid battery energy storage; both with engineering multinational ABB. More recently I led the engineering activities through to V1.0 product launch at Ampard, an energy storage startup. Now I split my time between consulting work and my own projects, the foremost of which is www.tradifex.com, a trade optimization framework (currently under development).
I've been dabbling in stocks from time to time for the last ten years - early efforts led to burnt fingers, leading to a more cautious approach and positive results in recent years. I greatly admire and respect Warren Buffet and agree with his philosophy that you should buy companies you understand and believe in... but at the same time I'm not blind to the impact of sentiment. Between doing my homework and applying a few analytical tools I've been coding in my spare time I try to make out ok.