John H. Cochrane is the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. His recent finance publications include the book Asset Pricing, and articles on dynamics in stock and bond markets, the volatility of exchange rates, the term structure of interest rates, the returns to venture capital, liquidity premiums in stock prices, the relation between stock prices and business cycles, and option pricing when investors can’t perfectly hedge. His monetary economics publications include articles on the relationship between deficits and inflation, the effects of monetary policy, and on the fiscal theory of the price level. He has also written articles on macroeconomics, health insurance, time-series econometrics and other topics. He was a coauthor of The Squam Lake Report. He writes occasional Op-eds, and blogs as “the Grumpy Economist” at johnhcochrane.blogspot.com.
Cochrane is a Research Associate of the National Bureau of Economic Research and past director of its asset pricing program, a Senior Fellow of the Hoover Institution at Stanford University, and an Adjunct Scholar of the CATO Institute. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He has been an Editor of the Journal of Political Economy, and associate editor of several journals including the Journal of Monetary Economics, Journal of Business, and Journal of Economic Dynamics and Control.
Recent awards include the TIAA-CREF Institute Paul A. Samuelson Award for his book Asset Pricing, the Chookaszian Endowed Risk Management Prize, and the Faculty Excellence Award for MBA teaching.
Cochrane currently teaches the MBA class “Advanced Investments” and a variety of PhD classes in Asset Pricing and Monetary Economics.
Cochrane earned a Bachelor’s degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. He was at the Economics Department of the University of Chicago before joining the Booth School in 1994, and visited UCLA Anderson School of Management in 2000-2001.
In addition to research and teaching, Cochrane is a competition sailplane pilot and windsurfs. He lives in Chicago with his wife Elizabeth Fama and children Sally, Eric, Gene and Lydia.
For more information, please see Cochrane’s website, http://faculty.chicagobooth.edu/john.cochrane/
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.
Looking for the value plays in the market. Offering easy to understand analysis usually on a macro level. Despite the efficiencies of the market, value plays are there every day; you just need to work to find them.
I manage a $1B+ portfolio for a family office. Our investments include bonds, equities, hedge funds, and private investments with a wide geographical and asset class dispersion. I have a J.D. degree from Yale Law School and practiced for 30 years as a trial lawyer in commercial cases.
The fellow in my icon is Galileo Galilei, who famously said: Eppur si muove.
I say, less famously: Time is the only reliable solvent of idiocy.
You can email me at Montana.Skeptic@gmail.com & follow me on Twitter where I am @MontanaSkeptic1
I am an experienced individual investor who has been trading merger arbitrage stocks and options since the 90's. I am a writer with a Master of Science from Northwestern University and I truly enjoy writing articles about the stock market. I try to look for opportunities where the odds are in my favor and there is a definite edge. On Seeking Alpha my articles will aim to provide insight and favorable risk/reward for the readers.However, I am not an investment advisor so any recomendations or ideas I write about in my articles, blogs, or comments shouldn't be taken as investment advice. I recommend using my writings as a starting point to which you should add your own research or that of an investment advisor.
"Any time you make a bet with the best of it, where the odds are in your favor, you have earned something on that bet, whether you actually win or lose the bet. By the same token, when you make a bet with the worst of it, where the odds are not in your favor, you have lost something, whether you actually win or lose the bet."
-David Sklansky, "The Theory of Poker"
An impassioned investment research analyst and writer, Jay Wei holds an MBA in finance from Central Michigan University and a Master of Accountancy from Golden Gate University in San Francisco. He writes syndicated investment commentaries with various investment content providers, including The Motley Fool. Wei takes pride in providing unique and original investment and business analysis on a consistent basis.
ARK Invest holds a precision lens on thematic investing. We focus on disruptive innovation and identify themes that will enhance productivity and create wealth. ARK seeks to research and invest in technologically enabled innovation that cuts across economic sectors and changes the way our world works. Our current themes include: Industrial Innovation, Web x.0, and the Genomic Revolution. Innovation is inevitable, and ultimately wins out in an equity market.
Our research is made available on our website and we invite everyone to participate in our discussions around thematic investing in innovation. For more information please visit: http://ark-invest.com
For business development or writing engagements contact me directly via email: celanbryant @ gmail.
Any material provided is intended as general information only, and should not be considered or relied upon as a formal investment recommendation.
Precious metals, energy and commodities. Swing trading commodities, and investing in deep value stocks. Sprottmoney.com contributor. Advanced analytics and proprietary indicators for gold and crude oil. Twenty-five years of experience in energy, risk management and financial analysis. BS Mechanical Engineering & MBA Finance.
Currently ranked #92 out of 6,049 financial bloggers:
Most recent portfolio addition: COTY
Our stock holdings are set forth below.
Our holdings by sector. Animal Health/Dental: PDCO. Chemical/Agriculture: DOW, DD, FMC and MON. Consumer Defensive: KO, PG, MO, KMB, GIS, MDLZ, CLX, CL, KHC, HSY, COTY and SJM. Consumer Cyclical: SBUX, NKE and COH. Healthcare: ABT, ABBV, BMY,BAX, DGX, JNJ, LLY, PFE, MRK and HYH. Tech: ADP, DXC, ORCL, IBM, INTC, GLW, HPQ, HPE, MSFT, NATI and TXN. Industrial: EMR, ITW, JCI, MMM, HON and GE. Telecom: T and VZ. Utility: AEP Miscellaneous: AVY, CDK, FAST, FBHS, SPGI and VSM.
I write, speak and give business seminars for select audiences about management, marketing and investing in growth industries with good stock buys. Consultant with startups and mid-level companies.
Former President of Sappanos Decorating Centers, Chicago, with more than 70 employees and real estate holdings in excess of $15m.
Former Research and Teaching Fellow, Harvard and Assoc. Professor Tufts Medical School.
Currently teach business and politicsin Tel Aviv, write for Seeking Alpha, the Jerusalem Post Business and Finance, and others.
I am a chemical engineer with a MS in Food Technology and Economics. I am also the author of 2 mathematics books ("Arithmetic calculations without a calculator" and "Word Problems") and perform almost all the calculations in my mind, without a calculator, making it easier to make immediate investing decisions among many alternatives. I invest applying fundamental and technical analysis and mainly use options as a tool for both investing and trading. In my spare time, I follow Warren Buffett's principle: "Some men read playboy. I read financial statements".
Philstockworld.com is the fastest growing stock and option newsletter on the Web. "High Finance for Real People - Fun and Profits" is our motto and our Basic and Premium Chat Sessions offer readers a chance to speak to Phil live during the trading day as well as authors like Optrader, Sabrient, Income Trader and Trend Trader - who send out Alerts during the market sessions and discuss trade ideas live with Members.
We even have a new low-cost "Trend Watcher" Membership that lets readers view our chat sessions without directly participating a great solution for people who want to test-drive the site and profit from our experience! Trend Watchers get to view all of our Chat Archives, weekly Webinars - as well as the amazing PSW Wiki, which gives you Phil's recent opinions and trade ideas as well as technical and fundamental analysis of hundreds of stocks that we follow.
Philip R. Davis is a founder of Phil's Stock World (www.philstockworld.com), a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders. Mr. Davis is a serial entrepreneur, having founded software company Accu-Title, a real estate title insurance software solution, and is also the President of the Delphi Consulting Corp., an M&A consulting firm that helps large and small companies obtain funding and close deals. He was also the founder of Accu-Search, a property data corporation that was sold to DataTrace in 2004 and Personality Plus, a precursor to eHarmony.com. Phil was a former editor of a UMass/Amherst humor magazine and it shows in his writing -- which is filled with colorful commentary along with very specific ideas on stock option purchases (Phil rarely holds actual stocks).
Visit: Phil's Stock World (www.philstockworld.com)
Marty Chilberg is a seasoned financial professional with over 30 years of executive leadership, board, consulting and advisory experience. He began his career as a certified public accountant (CPA). He moved to Silicon Valley in 1981 to begin his career in the software industry, working for Atari, Daisy Systems, Symantec and Visio. He took Symantec and Visio through their initial public offerings as their Chief Accounting Officer and Chief Financial Officer, respectively. From 1997 to present, his time has been spent on consulting and advisory services while joining several corporate and community boards. For the past several years the majority of his activities have been focused on investing.
Shailesh Kumar is the CEO of Value Stock Guide, one of the premier value investment advice site on the internet. An MBA from University of Michigan and a former Management Consultant, Shailesh has helped numerous Fortune 100 executives with their strategic and operational issues and now channels his deep business experience to help his members find profitable investments for the members of Value Stock Guide Premium.
Jay Somaney is a partner and fund manager with TSG Capital Partners, a hedge fund based in Plano, Texas and writes Jay’s “So Money” Trading Diary on jaysomaney.com . Jay Somaney currently manages TSG Tech Fund, a hedge fund focused on the shares of companies involved in the Internet and related technology. Prior to that, Somaney worked on the sell side as a tech and telecom analyst. Before that, he was a fund manager and partner with SMS International, a hedge fund specializing in tech investments in the Far East (non-Japan). Jay holds a Master's in Business Administration from the University of Texas. Jay has been writing and making stock/options recommendations since the early days of the internet and has written articles for various financial websites like marketwatch.com, realmoney.com, streetinsight.com, street.com, globaltechstocks.com, bloomberg.com. Jay was also Wall Street Journal's (California Edition) Tech stock analyst of the year in 1997. Jay also currently is the founder of www.jaysomaney.com, a financial services site that focuses on specific trade recommendations via stocks and options in the tech, internet, IT and telecom sectors. Jay has been quoted in most major financial newspapers across the world including The Wall Street Journal, Dallas Morning News San Antonio Journal, Austin Statesmen, Barrons, LA Times, Mercury News, Economic Times of India, Times of India et al.
Bert Hochfeld is a convicted felon and former hedge fund manager. He was convicted of mis-appropriating funds from his hedge fund in 2012. .Bert started his business career at IBM working in the areas of product planning and pricing after completing military service Bert worked for IBM in the late 1960's and early 1970's before he took as a post as head of sales and marketing for Memorex Telex and worked there for most of the 1970's until he joined Raytheon Data Systems in a similar capacity in the 1980's. Bert briefly became a real estate developer in the Boston area before joining BMC Software as a product planning director in the late 1980's and early 1990's. Subsequent to that he entered the brokerage business where he became an enterprise software analyst, first at Louis Nicoud and then at Josephthal.&; Co. After Josephthal closed Bert started his own independent research consultancy specializing in enterprise software, storage and IT outsourcing. Bert also ran a small hedge fund. After his arrest and conviction, Bert closed both of those ventures and have been on a sabbatical the past few years. Bert currently manage his own money and those of a few close friends. All of these investments are in tech and we also take positions in small start-up ventures. ..
Donald R. van Deventer founded the Kamakura Corporation in April, 1990 and is currently Chairman and Chief Executive Officer. Dr. van Deventer's emphasis at Kamakura Corporation is enterprise wide risk management and modern credit risk technology. The second edition of his newest book, Advanced Financial Risk Management (with Kenji Imai and Mark Mesler) was published in 2013 by John Wiley & Sons. In 2003 Dr. van Deventer co-authored Credit Risk Models and the Basel Accords with Kenji Imai. His second book, also with Kenji Imai, is Financial Risk Analytics: A Term Structure Model Approach for Banking, Insurance, and Investment Management published by Irwin in 1996. Dr. van Deventer's first book Financial Risk Management in Banking (with Dr. Dennis Uyemura, Probus Publishing, 1993) is one of the best known books in its field. He has served on the editorial board of the Journal of Credit Risk since 2005. Dr. van Deventer's primary financial consulting and research interests involve the practical application of leading edge financial theory to solve critical financial risk management problems. Dr. van Deventer has been involved in financial advisory assignments including both risk management and mergers and acquisitions. He has worked on assignments for the municipalities affected in the Orange County bankruptcy, in a major derivatives dispute between JPMorgan and a Korean securities firm, for Bank Negara Malaysia, the Department of the Treasury of the United States, governments of three of the OECD countries and many of the world’s largest financial institutions. Prior to founding Kamakura Corporation, Dr. van Deventer was senior vice president in the investment banking department of Lehman Brothers (then Shearson Lehman Hutton) from 1987 to 1990. During that time, he was responsible for 27 major client relationships including Sony, Canon, Fujitsu, NTT, Tokyo Electric Power Co., and most of Japan's leading banks. Dr. van Deventer completed three of the first four mergers and acquisitions assignments for a Japanese client by Lehman Brothers and the first domestic Japanese corporate straight bond underwriting by the firm. From 1982 to 1987, Dr. van Deventer was the treasurer for First Interstate Bancorp in Los Angeles. In this capacity he was responsible for all bond financing requirements, the company’s commercial paper program, and a multi-billion dollar derivatives hedging program for the company. During this time, First Interstate became the first issuer of medium term notes in the Euro market and first issuer of bank medium term notes. Dr. van Deventer also served as senior planning officer for acquisitions, new ventures and corporate strategy, participating in the 1986 attempted take-over of BankAmerica Corporation. Dr. van Deventer was a Vice President in the risk management department of Security Pacific National Bank from 1977 to 1982, where he initiated the duration-based futures hedging program for the bank. Dr. van Deventer holds a Ph.D. in Business Economics, a joint degree of the Harvard University Department of Economics and the Harvard Graduate School of Business Administration. He was appointed to the Harvard University Graduate School Alumni Association Council in 1999 and has now completed more than a decade of service on the Council. Dr. van Deventer served as Chairman of the Council for four years from 2012 to 2016. From 2005 through 2009, he served as one of two appointed directors of the Harvard Alumni Association representing the Graduate School of Arts and Sciences. Dr. van Deventer was named to the CFA Hawaii Advisory Board in 2010. Dr. van Deventer was also named to the Advisory Board of the Pacific Asian Center for Entrepreneurship and E-Business at the University of Hawaii Shidler College of Business in 2012. He served as a director of the Hawaii Bicycling League from 2005 to 2014. Dr. van Deventer also holds a degree in mathematics and economics from Occidental College, where he graduated second in his class, summa cum laude, and Phi Beta Kappa. Dr. van Deventer speaks Japanese and English.
I'm an individual investor looking to grow my wealth over the long term. I've tried many different styles of investing over the last 25 years and have found that buying dividend growth stocks and reinvesting the dividends is one of the easiest ways to grow wealth over the long term. Over the years, I've owned stocks, options, ETFs, treasury notes, and mutual funds. I operate a blog, HarvestingDividends.com, that provides information on the S&P Dividend Aristocrats and other dividend growth stocks.
- Identifying large-cap companies with sustainable expansion potential (i.e. strong balance sheets, ideal capital structure, etc.)
- Alternative portfolio strategies (e.g. portable alpha) and style management (i.e. avoiding portfolio bias)
- Impact of monetary policy and credit cycle on investment strategy (e.g. money market rates, short-term funding, etc.)
- Particular aptitude in Japanese stock & bond markets (e.g. investing in negative interest rate/deflationary environment)
- Hypothetical Portfolio Return: 13.74%; α: 8.23; Style: Mainly long/short equity
View my resumé here.
I believe that an intelligently-diversified portfolio combined with calculated risk-taking and thorough analysis is the key to investment success. I have a strong interest in identifying unique opportunities in:
- Alternative Portfolio Strategies
- Highly Developed International Markets
- Healthcare, Tech, and Energy
- Gold and Currencies
I also strongly believe in aligning investment strategy with macroeconomic trends, geopolitics, and monetary and fiscal policy.
"You learn so much more from the bad experiences in your life than the good ones. Make sure to take the time to reflect on them. If you don't, a precious opportunity will have gone to waste. Remember that pain plus reflection equals progress."
- Ray Dalio
"I'm no genius, but I'm smart in spots and I stay around those spots."
- Tom Watson
"When the facts change, I change my mind. What do you do, sir?"
- John Maynard Keynes
"Writing about a subject is the best way to educate yourself about it, and when I flick through past work I remember how much they taught me, if no one else. Mainly they taught me that I didn’t know very much. But they also taught me that most other people didn’t know much either. Thus, some key themes which stand out include the illusory control of policy makers, the presumed knowledge of those looking to them to actively do good, the ease with which we fool ourselves, and how best to protect capital in the face of such unavoidable uncertainty."
- Dylan Grice
My job has nothing to do with the financial world, on the contrary - I have a college education and a Ph.D. in science and I work for a large cooperation in the German industry. I bought my first stocks almost 20 years ago, starting with investments in DAX companies (the German large cap index) and have continuously broadened my horizon geographically and to other equity classes since then. My main ambition is to obtain financial independence and the admittedly challenging ultimate goal is to retire at the age of 50 (or at least in the mid-fifties). Let’s see how this turns out…
Erik Kobayashi-Solomon is the co-founder of Framework Investing and the author of The Intelligent Option Investor (McGraw-Hill, 2014). Framework Investing provides institutional-caliber educational programs to fund managers, investment advisors, family offices and high net worth individuals. We specialize in educating investors on a simple, disciplined and repeatable framework for valuing companies, showing how to structure asymmetric investments in these companies through a prudent combination of common stocks, options, and cash, and demonstrating how to overcome the behavioral biases and structural factors that so often cause investors problems. We provide consulting on hedging and income strategies, as well as levered growth investment strategies are also within Framework's bailiwick. Erik has worked in the investment industry since 1997 in a wide variety of buy- and sell-side roles on both sides of the Pacific. Past positions have included the head of listed derivative operations for a bulge bracket firm’s Tokyo branch, the market risk manager for a global long-short equity hedge fund, editor of Morningstar’s OptionInvestor newsletter, and architect of the IFC’s (World Bank Group) standardized valuation model for emerging market private equity business. Erik lives in Chicago, Illinois with his family and enjoys hiking and reading.