Model Portfolio rmcduff:RMG2

I am a former broker/advisor based in Canada, with 14 years of experience in money management.

As an ex advisor, I learned first hand about the systems, policies and politics employed at major firms in the research & rating of stocks. I was one of the first brokers to employ fee based models to build securities portfolios, and worked diligently to build up a strong understanding of corporate balance sheets.

After many years, I became intimately aware, that buy/sell side research analysts as well as mutual fund managers and analytically minded advisors, are often hamstrung in their efforts to find excellent stocks on a global basis. The industry in my view, rewards analysts for boring and homogenous work, and penalizes those who provide truly insightful views. This understanding about the entrenched and structural inefficiencies in the research process led me to conclude the professional investment industry generally misses as many investment opportunities as it uncovers, even in the large cap sectors of the marketplace.

In 2000, I left the investment industry to pursue my goal of building wealth at a faster pace, utilizing my own research. I typically own many companies that the investment industry does not cover, covers poorly, or covers with largely plagiarised reports. I have also made numerous investments in private companies around the world.

Since leaving the industry, I believe my track record has demonstrated an ability to find stocks, both large cap and small, which soundly outperform their respective sectors.

When not researching investments, or writing about investments, I spend a great deal of time traveling to Mexico and the Caribbean with my family. I am an avid cyclist and enjoy walking my three dogs. I graduated from the University of Manitoba in 1986, with a BA, majoring in economics.

Posted by Marketocracy at 9:34 PM | Permalink