Thanks for visiting my personal website. In the following pages I will provide a contextual framework for past and future Seeking Alpha articles. In doing so, I hope to stimulate dialogue with colleagues of affinity who share my passion for fundamental equity analysis. Rather than offer a magic formula of immutable investment rules, my aim is to illustrate one example of an integrated investment process—providing the contextual framework, a reference point for future research publications. Through the alignment of self, strategy, and tactical approach, one may conduct variant analysis with integrity in an otherwise crowded and fiercely competitive playing field.
I'm a buy-side analyst, now running long-only assets through family-office private partnerships. My mission is simple. I work in the orphanage of abandoned stocks, broken growth dreams, and market dislocations where greed and hubris have given way to anxiety, despondency, and ignorance. Through fundamental analysis, I dig beneath the surface of unsightly, transitory financial challenges, assessing the probable future of a business with a vision of what can be while remaining grounded in a pragmatic, bottom-up evaluation of what is.
Building on the Basics: My Approach to Securities Selection
My investment approach is constructed according to two powerful yet timeless principles inspired by the wisdom of Benjamin Graham in The Intelligent Investor. Over the years, I have borrowed, reworked, and repurposed his foundational concepts for my approach as a passive minority investor:
My resources, therefore, are directed at exploiting the widest actionable gaps between price and value—quality investment situations then not only protect investment principle but also promise above-average returns to patient capital. Examples of this principle can be found in businesses commonly perceived as below average but possessing above-average prospects for improvement or those that are priced for the worst but sufficiently delight the market by merely muddling through. In all scenarios, the aim is to arbitrage common perception against present and probable future reality through the mechanism of time and the discipline of patience.