Why Do We Do It?
After 15 years in financial services, it took too long to realize that Wall Street analysis is not always correct.
Throughout our careers in finance and capital markets, we have worked for global financial institutions as well as small boutique firms in institutional investment consulting, investment research, mergers & acquisitions, and investment banking.
We have advised high-net-worth investors as well as public pensions and other institutional investors on a wide range of investing strategies. We learned a lot about economics, finance, and capital markets along the way, but most importantly, we learned that following the herd is a loser's game.
Contrary to widely held beliefs in the financial services community, markets are not efficient, and investors are not rational.
Understanding those two concepts is the first step toward uncovering profitable investment opportunities. When it comes to economics, financial markets, and investments, our stance on some topics may be unusual and different, often leading to contrarian views. This occasionally puts us on the opposite side of the consensus crowd and herd mentality, but always on the side of truth.
The stock market is affected, either positively or negatively, by external forces and major shifts in trends. Identifying specific "mega-trends" and which investments will most benefit from those trends can lead to extremely profitable long term investments.
Alternatively, short-term biases and temporary shifts in sentiment often create phenomenal immediate opportunities when you know what to look for.
The only way to invest differently is to think differently.
That's why our approach to investing and understanding financial markets employs a combination of formal training, experience, and education in finance with informal common sense.