Hester is an individual value investor that manages his own money and lives off a portion of the returns he generates. He has devoted his life to value investing, and hopes to start his own partnership or hedge fund one day. He is not a typical low P/E, high dividend investor. Instead Hester focuses on opportunities with very low risk and moderate to high reward potential. He ignores market noise and normally does not worry about macro issues. By focusing on risk first and then reward second, Hester has avoided large mistakes and copious losses. "Rule number one, never lose money. Rule number two, never forget rule number one."