Greenbackd-Quantative Value: A Practitioner’s Guide To Automating Intelligent Investment and Eliminating Behavioral Errors. Have not read the book yet but plan to.
If you have ever read the goals page on this blog you know that I plan to open up my own investment partnership or work at a value fund as an equity research analyst as soon as my health gets completely better.
My health is still not completely better so opening my own firm will have to wait, and unless I can get an outsourced research analyst job where I can stay at home that also will have to wait a bit longer.
Thus far I have sent emails to some value investment firms showing them my work in the hopes of becoming an outsourced research analyst for their firms and have so far received no replies. Thinking about getting some packets together and sending physical information to them because I am sure these firms get hundreds or thousands of emails per day.
As I have been gaining experience, knowledge, and confidence in my ability to analyze companies, I have been looking more and more into what I can possibly do to make some money while I wait for my health to get completely better.
So far I have come up with two ideas while I wait to open my firm:
- Starting some kind of research firm where I could sell my ideas and analysis articles to value investment firms, or work for them from home doing research on specific companies that they want me to look into.
- Some kind of consulting firm where I could offer my services to local businesses offering to analyze their businesses to see where they could maybe cut costs, and give them some ideas about how they could become more profitable.
So far I have gone over the various pros and cons of both and wanted to ask if any of you have any experience doing either of those two ideas above, what those experiences have been like, and if you might be able to offer any advice about potentially starting one of those firms. Also if you might have any other ideas of how I could put my knowledge to use while I wait for my health to get better please let me know.
If any one of you are looking for someone who loves to research and dig deep into companies please let me know as I would be very interested in learning about your company and hearing those opportunities as well.
Any advice or help would be very much appreciated as I think I could be an asset to companies and help make them money.
Weekend Reading Links
While I have to go back over all of the annual, quarterly, and proxy reports of the company I am researching to get my notes back on the article I am preparing to write, here are some weekend reading links.
I have been doing research on another company over the weekend and to my surprise I have found it to be undervalued by at least 30%, which is my required minimum margin of safety, and a hurdle that has been hard to clear this year.
The company is a micro cap with daily volume of around 2,000 shares being traded, it is profitable, has decent margins, and looks to have at least minor sustainable competitive advantages up to this point in my research. The company appears to be very promising thus far and I have been continuing my research by reading every annual report since 1999 and looking into its competitors. I hope to have an update as soon as possible and until then will be posting links.
How I learned A Language In 22 Hours. I have always wanted to learn a language and after reading this article I decided to try out Memrise. After only an hour or two, I can already recognize more than 100 Chinese words, committed them to my long term memory, and have been learning how to say them. I am enjoying this site immensely so far and would highly recommend the site to anyone looking to learn a language.
I hope everyone had a great Thanksgiving weekend. Other than eating great food and spending time with family I also got a lot of work done. I spent a lot of this weekend looking into Wendy’s as a possible investment and my article about them should be up later this week. I also spent a lot of time catching up on articles that I have been saving to read, some of which I will be sharing with you below.