I'm an old guy who's been a buy and hold investor for many years. I’ve learned a bit along the way, unfortunately often by my mistakes. I have been quite successful and have lived off my investing profits since my retirement, but have never been affiliated with any investment firm.
I've been investing for over 40 years. On my 18th birthday, I bought Continental Airlines, which immediately dropped and four months later I sold it for a 10% profit, foreshadowing many future trading experiences. I got burned in the dot-com bubble and swore off investing. I did some calculations and discovered if I put my investing money into my mortgage, that would be the best ROI and I'd recoup all my dot-com losses, so I did it and paid my house off early. I missed the 2008 Bear Market, after having been burned in the dot-com bubble, but followed the market every day since I was 14 when I paid for a WSJ subscription from profits from my paper route. I doubled my money in 2013 in the stock market. I doubled my money again in 2014. 2015 has been quite a bit tougher, and I have become more cautious and more research intensive. I have flipped stocks several times a day and I have held stocks for years, too. Overall, I made nice profits with stocks, but only broke even buying and selling options. Never traded commodities or shorted stocks. Never say never. Researching companies keeps me abreast of all the latest technological advancements and it is really cool to know about all of that.
My investments are based on fundamental, bottom up research often, but not always, in beaten down, under appreciated sectors, industries or geographies. I invest in companies that I believe exhibit excellent value, deep value, and/or attractively priced growth characteristics using a thorough and disciplined research process.
Although the two investment strategies that we manage for separate accounts are classified as hedge funds due to a unique, performance only fee structure, they are long only, long term, and invest in all cap sizes, in all regions.
In my previous professional life I was an entrepreneur for 20 years and three time recipient of the Inc 500 award. I believe that my experience running companies in the sportswear, warranty, e-commerce, banking (as board member), and technology industries gives me an insightful edge in evaluating company managements and future company cash flows.
Portfolio manager: Alternative investments (public and private). Investment allocations are divided/skewed between capital preservation/stable growth and asymmetric derivative/high growth opportunities.
Ph.D. economics and Finance MBA finance
Globe Institute of Technology
Professor – Economics and Finance, Chair of Business Department
Colorado Technical University
Adjunct Professor – courses: Applied Managerial Finance (Graduate Level), Microeconomics, International Finance
European School Of Economics (New York Campus)
Adjunct Professor – Economics (Graduate Level) Courses taught: Microeconomics
Metropolitan College of New York
Adjunct Professor – Economics, Banking and Finance
Courses taught: History of Economic Thought, Macroeconomics, Money and Financial Institutions
World Gold Council
New York, NY
• Constructed econometric models relating to gold's role as a portfolio diversifier primarily aimed at institutional investors.
• Focused on models of the embedded optionality of gold in terms of its relation to other investment assets and economic fundamentals such as inflation and business conditions.
Founder and President, Internet Startup company with polling and investment advice websites.
Fundamental Portfolio Advisors, Inc.
Chief Portfolio Strategist – President
• At the predecessor company I started the New York Muni Fund, the first single state triple tax-free municipal bond fund.
• I took the fund from a one-employee start-up where I performed every function to a family of mutual funds which had five funds with total assets above $300 million and which did all of its distribution, accounting and transfer in-house.
• I wrote the initial prospectus and was responsible for managing the portfolios of what eventually grew to be a family of 5 mutual funds.
• Was chief economist for parent company’s brokerage affiliate.
• Involved on the buy-side in the development and monitoring of various structured municipal finance products. Worked with major issuers such as New York City and major investment banks such as Merrill Lynch and Goldman Sachs.
• Designed and submitted a U.S. Patent Application for a portfolio management system for mutual funds involving derivatives.
Note: In 1996 Fundamental Portfolio Advisors and myself were subject to civil litigation by the SEC which resulted in deregistration and a permanent bar from the securities industry.
A. Gary Shilling & Co.
Senior Economist – Vice President
Economic consulting, modeling and forecasting. Both macro and micro.
• Clients included: Emerson Electric, Bethlehem Steel, Castle & Cooke, Cooper Industries and the U.S. Department of Transportation.
• I was the author of the 1979 study commissioned by the U.S. Government Interstate Commerce Commission, which calculated the expected economic impact of trucking deregulation.
White, Weld & Co, Inc.
• White, Weld was the sixth largest investment banking and brokerage firm when Merrill Lynch bought it.
• Extensive work was done on the All-American Pipeline Proposal to tap the Alaskan Gas Reserves.
• The economics department of White, Weld formed A. Gary Shilling & Co. at the time of the Merrill Lynch merger.
American Stock Exchange
New York University
June 1978 Ph.D.
• Ph.D. dual field, economics and finance.
• Doctoral dissertation was in contingency claims (options) theory
June 1973 MBA with concentration in economics and finance
NYU Engineering School
June 1971 Bachelor of Science - Nuclear Engineering Tau Beta Pi
Analysis of the Embedded Inflation Optionality in Gold Prices. World Gold Council, 2000. New York, N.Y.
The Economic Impact of Trucking Deregulation. Interstate Commerce Commission, 1979, Washington D.C.
Fundamental value investor that understands and utilizes technical entry and exits to add value. 15 years experience as an investor. Specializing in Energy Sector, Value Strategies, Hedge Fund Long/Short Equity Strategies, Small and Mid Capitalization stocks.
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I am a private investor with a value orientation. By that, I mean I like to buy great companies at prices lower than their intrinsic values. Great companies are ones that produce consistent positive cash flows and will continue to do that for the foreseeable future due to things like strong brands, sustainable competitive advantages, long-term customer contracts, etc. Low prices means things like low price to book (below 1x) or low price to cash flow (below 6x). Sometimes I will pay a bit more for a great company or sometimes I will buy a mediocre company if it is trading very cheap. I like dividend-paying stocks but it's not a show-stopper if they don't pay a dividend. I am a big fan of some of the great value investors of all time such as Warren Buffett, Prem Watsa, John Templeton, Peter Cundill, Charles Brandes, Francis Chou, etc. I allocate a significant portion of my portfolio to these guys as I am not arrogant enough to believe that I can outperform them on my own. However, I do manage 70 - 80% of my portfolio on my own through individual stock picking. I have an undergraduate degree in Mathematics and a masters degree in Finance. I read a lot about investing and would consider it one of my main passions. I also like sports and travelling. I owned and operated a billboard advertising company for many years, then sold it in 2016. I own several private businesses as well, in the areas of rental properties, media and financial.
I have been completely obsessed with the stock market and all things financial since I was a child. I have twenty five years of experience investing across various asset classes, including equities, debt, and options. I love helping people learn financial intelligence and become better investors.
Institutional investment manager authoring on a variety of topics that pique my interest, and could further discourse in this online community. I hold an MBA from the University of Chicago, and have earned the CFA designation.
My articles may contain statements and projections that are forward-looking in nature, and therefore inherently subject to numerous risks, uncertainties and assumptions. While my articles focus on generating long-term risk-adjusted returns, investment decisions necessarily involve the risk of loss of principal. Individual investor circumstances vary significantly, and information gleaned from my articles should be applied to your own unique investment situation, objectives, risk tolerance, and investment horizon.
A SoCal native, RumbaGuy grew up in the foothills near the Jet Propulsion Laboratory. He began his career as a microprocessor applications engineer, then segued into business software and web development. Today RumbaGuy is a enthusiastic investor with an ear for business news and an eye for financial statements.
I am a retired professor, a retired investment adviser, and currently a private investor and full-time tennis pro. I bought my first stock in a custodial account in 1958. I am a student of history, particularly military and economic/market history. The intellectual passions of my retirement years have been markets, mathematics, and quantum theory. Recently I have found myself reading book after book on the thoughts and feelings of animals, and I believe they are subtly influencing some of my views. I have a cat I like a lot. I like to travel. I served in Vietnam.