MBA, Finance, New York University, 1975 Chartered Financial Analyst --- 1986 30 yers experience in research, analysis, portfolio management and report generation in global markets for equities and fixed income instruments.
*What the mind can conceive and believe it can achieve. Napoleon Hill
*The difference between who you are today and who you will be in 5 years is the people you spend time with and the books you read.
*Most people get ahead during the time others waste.
I am an advocate of the acquisition of wisdom (the ability to recognize difference) and being a constant learning machine. We were born into this world ignorant and incoherent and this mental capacity can only be remedied by obtaining wisdom and knowledge vicariously through others or by experience. I prefer both. Modeling is a very effective mental model and overcomes the learning curve of a discipline at an escalating rate. Warren Buffett / John Maynard Keynes / Peter Lynch are the models I use. Inventing the wheel contributes to loss in opportunity costs, inadequacy of conviction in ones conclusions, lack of direction, shortage of confidence to concentrate assets (not over diversifying) and steep expensive learning curves.
Awareness does not bring success. Implementation of awareness develops results, and it is refined results persistently applied that attracts a fortune. A fortune can't be pursued it must be attracted through a definite purpose, definite plan put into continuous action, and concentration of effort that is persevered through all possible tempting distractions.
All is well because all grows better.
Mr. Berg has over 20 years experience as a professional investor, having founded Matador Capital Management in 1993, and before that working for 9 years at Raymond James Financial as an institutional securities analyst. Matador ran long/short equity hedge funds and separate accounts from February 10, 1994 through the end of 2006, compiling an audited track record for its flagship fund, Everglades Partners, LP, of gross and net returns, respectively, that trounced the S&P 500 of 278%.
Berg is currently the CEO of Surfline\Wavetrak Inc and a private investor. Surfline is the leading digital media property in the world for real surfers. In 1999, he co-founded Swell, a direct marketer of surf apparel and accessories, which was sold to Billabong in 2009. Between 1995 and 2000, Mr. Berg was Chairman of AccentHealth, a network that provide segmented, patient education-oriented TV programming to over 10,000 medical waiting rooms. He also is Chairman of the Board of NTN Buzztime Inc.(AMEX:NTN) .
Rick Konrad has been an equity portfolio manager for over 35 years. At present, he provides strategic management consulting to both institutional buy and sell side firms. His greatest joy outside of his family is education, in particular, training young people to become better research analysts, portfolio managers, and financial planners.
"An investor calculates what a stock is worth, based on the value of its businesses. A speculator gambles that a stock will go up in price because somebody else will pay even more for it."
“You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.”