I have been in the business of analyzing economic and political developments around the globe since 1970, with an emphasis on currencies and fixed income developments.
The most consequential developments I have been tracking were the introduction of the common European currency, the euro, and the UK's decision to leave the European Union. The former was a major step forward for multilateral corporations doing business in the EU and the latter could be a disaster for the UK over the longer run.
I have written many articles about both of these factors. Forecasts about the economies of the major economies are essential to make the right investment decisions. They form the foundation for successful investments.
In 1969 I founded a market analysis company with the product (Global Finance Information) being distributed via Telerate (now owned by Reuters) and grew that firm to about 1,000 banking clients world-wide. I sold that company to Thompson/Reuters in 1990.
After that I worked with Dow Jones on several product developments. In 2000 I retired for a period of time. I returned to researching and writing about the international financial markets in 2010, where I currently produce several articles per week.
Born and raised in the USA, graduated with a degree in Finance then worked at a multi-strategy global hedge fund for about 4 years analyzing stocks all over the world. In 2007 I left the USA and moved to China to study Chinese and start a business. Now, I am the CEO and Co-founder of eFin which provides wall street level research to main street investors via a proprietary algorithm. Our eFin scoe that takes into consideration hundreds of factors to provide the best period of time to make an investment in a stock.
Nevertheless, my experience working at the hedge fund and running my own business has improved vastly my investment making decisions. I believe Warren Buffett said it best “I am a better investor because I am a businessman and a better businessman because I am an investor”. I have had my share of busts and winners and have gotten wise enough to always look at both sides of every investment no matter how negative or optimistic the situation is.
Richard Townsend is a Managing Partner at Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Prior to joining Rangeley Capital, Mr. Townsend served as the Chief Financial Officer for Loral Space and Communications since 1998 and as Executive Vice President since 2003. Prior to Loral, Mr. Townsend spent the majority of his career with IBM (1979-1996) where he held numerous positions including Controller of Europe, Mideast and Africa located in Paris, and Assistant Controller responsible for financial planning and measurement for the corporation. Mr. Townsend began his career as a mechanical design engineer at General Electric's Nuclear Energy Division.
He earned a BSME from the University of Michigan in 1972, a MS in Mechanical Engineering from the University of California at Berkley in 1976, and an MBA from Stanford University in 1979.
Recently retired from the information technology industry. Held numerous senior executive positions in hardware, software and service businesses. Primary industry/geo focus has been Financial Services in North America and Europe. Enjoy photography, golf, travel, climbing mountains, fitness and learning new things....but having said all that my family always comes first.
Couple of my favorite quotes...
"You have never really lived until you have done something for someone that can never repay
you." - Unknown
"Because in the end you won't remember the time you spent working in the office or mowing
your lawn. Climb that goddamn mountain." - Jack Kerouac
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Netherlands based non-professional stocktrader with a private portfolio; good at stockpicking; not good at options. I prefer companies with a good ROI, ROE, PEG-ratio, good and inspiring management, a durable competative advantage. BUY AND ACCUMULATE (B&A) is my approach. I'm in the market for the company's profit, not the stockprice in the first place.