I trained as a lawyer and manage a small fund out of Dubai in the United Arab Emirates. The fund is generally made up of stocks that are quantitatively cheap relative to free cash flow and/or net asset value. Occasionally the fund shorts stocks that are overvalued or structurally weak or whose business models appear unsound. Short positions typically make up only a small proportion of the fund. Mostly the fund is invested in positions in the United States but it will invest in other developed markets if they offer more compelling valuations.