What type of investment newsletter is this?
I have 12 years of experience as a trader on a Proprietary Credit trading desk in New York and Toronto, and at hedge funds in Toronto. In that time, I traded and invested in all asset categories - bonds, derivatives and equities - globally. The goal of the newsletter is to give readers a view of markets through the eyes of a portfolio manager. I aim to educate readers on how a portfolio manager approaches markets, evaluates companies, and thinks about investing. Investment ideas provided will reflect my value investing style.
I focus on buying good companies well below fair value or finding mispriced securities with a lot more upside than downside. This approach is a disciplined one with a long-term focus. I tend to focus on areas of the market where recent volatility or apathy may create opportunity.
Does this focus on pockets of dislocation always work?
No. Sometimes industries and companies are in a terminal decline. Some price declines reflect merely a reversion to proper prices rather than an opportunity. My experience and credit background helps me to separate the opportunities from the bankruptcies.
While this approach doesn't always work, it is a good place to hunt for unique and differentiated ideas.
What other types of investments do you look for?
I like to invest in companies that have long-term sustainable advantages.
I like to invest in companies with management teams that intelligently allocate capital, operate frugally, and take a long term approach to business.
I try to find companies that combine the above attributes with an attractively price stock.
Can you manage my money?
No. I only invest my own money. This newsletter is to provide ideas that I find interesting. Not all ideas will be right or will suitable for everyone. Check with your investment advisor before making any investments.
What does a subscription get?
You will get 10 to 12 issues per year.
Each issues will include general market thoughts, idea updates, interesting investing articles from the internet, and two in depth investment ideas. An issue typically runs 10 to 20 pages.
I will also send my readers email updates on ideas, and time sensitive opportunities.
What don’t you offer?
This newsletter is for people that take long-term value investing seriously. This is not a newsletter pumping the latest speculative craze.
When do I get my first Issue?
You will receive the latest issue as soon as you subscribe and you will get all subsequent issues as they are sent out, approximately monthly.
What else do you offer?
I hope to provide a service where people can learn more about value investing. I want to teach people how to approach markets and spot value. I also want to provide my readers with my best investing ideas.
I love discussing markets and ideas. Please reach out to me with any questions, comments, thoughts on newsletter ideas or ideas of your own.
I must emphasize that I will not offer any specific portfolio recommendations or advice. Please speak to your financial advisor about that.