Market Commentary ♦ Investment Opportunities ♦ Due Diligence
“It was never my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!” -Jesse Livermore
This site includes market commentary, potential opportunities in private markets and ideas for sourcing, structuring and due diligence.
I find writing focuses the mind and forces one to a conclusion … my ultimate goal is to find the truth so as to steer clients towards both profits and safety of capital.
Invested $1Bn+ in Private Equity, Venture Capital, Hedge Funds and Real Assets
On behalf of Institutions, Families and High Net-Worth Individuals
During my 20-year career spanning 3 continents
My investment philosophy is contrarian but not dogmatic! I find my best successes have occurred when fundamentals, technicals and sentiment (I’m a big proponent of behavioral finance) align.
Here’s what 20 years of investment has taught me:
Nothing and I mean nothing works all the time in the markets. The best you can hope for is
Periods of out-performance using your methodology, followed by;
Periods of losses or high volatility that doesn’t make you so uncomfortable that;
You bail on your philosophy and have to repeat the cycle with a new religion later
In our experience you are better off in a good neighborhood (instrument, sector,style, geography) than a good manager.
Said differently a GOOD NEIGHBORHOOD CAN COVER THE MISTAKES OF A BAD MANAGER – but it’s better to have both.
Oh and did I mention contrarian? Move against the herd.
“Be fearful when others are greedy, and be greedy when ….” –Warren Buffett
So that’s it folks. Complexity has never served me well so I endeavor to keep things simple and yes profitable but most importantly enjoyable for you my valued reader.
If any of the opportunities identified are of interest … let me know. If you need help sourcing, structuring and due diligence … let me know.