I’m an active portfolio manager running a private high-net–worth LLC and primarily utilizing discounted free cash flow arrays to determine equity valuations. My selection process is mostly ‘bottoms up’, and I emphasize balance sheet integrity, a strong franchise - whether global or domestic, demonstrably good corporate governance - evidenced primarily through return of capital via dividends and/or buybacks, and predictable and sustainable free cash flow. I prioritize my portfolios by income over capital gains. I trade infrequently and rarely make "market" calls. My career began in 1972: MBA; CFA; Series 7, 63.