Dood posted his “resume” looking for a position in a fund but also letting us all know he is VERY succesful on his own and doesn’t need anyone. I replied and this is what he sent me. Apparently he is a BK GURU! " In response to your email below, I cannot provide you with a sales sheet, no. I am still invested in those stocks currently. Although I cannot give you any stock names since I’m not sure who you really are or if your company about to be started is legit, I can give you all the details of a company I bought, except for the name. Based on this framework, you can either formulate your own questions if you want to know more, or you’ll recognize that I do know what I’m talking about and would like to provide something more tangible then “joe fund” theoretically being started on “blank date”. I found a company that I averaged down as it dropped below it’s book value. Even if this company were to go bankrupt because of supposed online competition, I believed the liquidation value would still give me a profit. Although I aim for going-concerns and try to invest for the long haul, every once in a while I’ll find something I cannot pass up in terms of looking at it’s liquidation value. Even then, I felt that this company would continue to thrive because I frequent the particular store, and saw the cash registers ringing as well as the goodwill it created with customers. Warren did the same thing with American Express. I have for you other pieces of evidence of my work. For example I have a sample of an investment piece I wrote while working for an investment bank in the emerging markets. That I cannot give to you unless in print and in person since it really is the way I approach my investment ideas which was acquired of a period of years. As I said Josh, I’m in no rush, and what you’re asking for, although extremely important, also toes too closely to me divulging investment ideas without even knowing if you’re legit. It would be extremely helpful if I could call you, or we can continue to email each other until each feels comfortable. Once again, I’m in no rush. If you have other ways of getting what you are looking for besides wanting to know specific stock names, then I can help you. Otherwise, without knowing more about you or your potential fund, I can’t divulge more information than in proportion to how confident I feel your fund you’re about to start is a legitimate one, and that I’m not simply wasting my time. - Investment Analyst Prospect. "
Who’s Warren? Who’s Josh?
I think basing your investment decision on being priced at discount to net asset value is very minimalist. What worries me is the quote that he frequents the particular store and sees the cash registers ringing. Not really indicative of anything investment worthy. I would go back to him and ask him what his approach to stock picking is. Leave the question sufficiently open. What is a BK Guru? - Burger King? - Bangkok?
seriously? Josh = Steely Dan’s real first name Warren = Warren Buffett BK = Berkshire Hathaway
This guy should realize that even if he told you what stock he was referring to, that his analysis might not even be correct. what good is liquidation value when you hold 200 shares right? unless there is a real prospect of liquidating, you’re taking a huge gamble. I mean, i saw Crox as a damm bargain at a little over a dollar and now its triple the value but no regrets on not buying the company. Steely Dan, if you looking for an investment analyst, i’ll compete for this position with this guy just for the sake of it.
hey thats ME!
Were you just messing with him by replying to his ad? Or were you actually interested in hiring him? Either way, you look dumb.
BK = bankruptcy. There’s nothing more indicative of an idiot retail investor than someone saying “the store near me is always busy!” If he’s not currently employed there’s no reason he can’t share prior work product. Just looks like he’s trying to get an in-person meeting.
how does he look dumb. i think this is hilarious. the ia prospect is a complete moron. “i calculated goodwill by looking around a store” hmmm, thorough analysis. based on this, i would love to see his calculation of liquidation value… let me guess, inventory is priced at sales price and goodwill is included? and to finish off MY analysis, anyone who says “Warren did the same thing with American Express” is a complete follower/loser and doesn’t know what the heck he’s doing. “I’m going to short the crap out of ‘[enter some type of credit derivative]’ because Paulson did the same thing with CDSes” .analysis complete.
I can understand why he is protecting his ideas. I do that too sometimes. But the best thing to do is share your ideas so others can see if you are actually good . Protecting ideas is only for those who are already established. the person on the other side problably won’t even care too much about what he is recommending.
He looks like the kind of fellow my company is interested in hiring. Can you give me his contact info and social?
MattLikesAnalysis Wrote: ------------------------------------------------------- > how does he look dumb. i think this is hilarious. > the ia prospect is a complete moron. > > “i calculated goodwill by looking around a store” > hmmm, thorough analysis. > > based on this, i would love to see his calculation > of liquidation value… let me guess, inventory is > priced at sales price and goodwill is included? > > and to finish off MY analysis, anyone who says > “Warren did the same thing with American Express” > is a complete follower/loser and doesn’t know what > the heck he’s doing. > > “I’m going to short the crap out of ‘’ because > Paulson did the same thing with CDSes” .analysis > complete. Locating investment morons isn’t exactly difficult. And Steely Dan looks pretty backwater to me because he either thought he could find a decent investment analyst on Craigslist or he spends his time yanking idiots’ chains.
cfa2grunt Wrote: ------------------------------------------------------- > MattLikesAnalysis Wrote: > -------------------------------------------------- > ----- > > how does he look dumb. i think this is > hilarious. > > the ia prospect is a complete moron. > > > > “i calculated goodwill by looking around a > store” > > hmmm, thorough analysis. > > > > based on this, i would love to see his > calculation > > of liquidation value… let me guess, inventory > is > > priced at sales price and goodwill is included? > > > > and to finish off MY analysis, anyone who says > > “Warren did the same thing with American > Express” > > is a complete follower/loser and doesn’t know > what > > the heck he’s doing. > > > > “I’m going to short the crap out of ‘’ because > > Paulson did the same thing with CDSes” > .analysis > > complete. > > Locating investment morons isn’t exactly > difficult. And Steely Dan looks pretty backwater > to me because he either thought he could find a > decent investment analyst on Craigslist or he > spends his time yanking idiots’ chains. Oh snap.
Matt, i believe you can guage “goodwill” by looking around a store in some instances. As goodwill in this instance represents the intangibles of a company that can generate increasing earnings. For example, by visiting your local Foot Locker, you can guage that Nike has strong brand loyalty and a following all in the meanwhile making the coolest shoes that the chicks will dig.
true buy hey, you can’t judge a guy for what he does in his spare time… or can you?
FrankArabia Wrote: ------------------------------------------------------- > Matt, > > i believe you can guage “goodwill” by looking > around a store in some instances. As goodwill in > this instance represents the intangibles of a > company that can generate increasing earnings. > > For example, by visiting your local Foot Locker, > you can guage that Nike has strong brand loyalty > and a following all in the meanwhile making the > coolest shoes that the chicks will dig. yeah, you can guage the goodwill of nike, but you can’t guage the goodwill of a retailer by watching the store. unless you go to the store everyday and survey customers about where they shop, how often, and why, you cannot establish a qualitative guage of goodwill. do you really need to go to a wal-mart to realize that they have goodwill? why not just look at their same-store sales and sales growth, it kinda tells you the whole story without making the trip and smelling dirty people. watching people buying things that will be recorded in sales tells you nothing other than a validation that they are not lying about sales.
I agree with the guy in the sense that more information should be provided by the fund, especially considering the fact that the posting is on craigslist of all places. Nevertheless, his response is pretty silly and does a good job of eliminating him.
Hey Steely, you hiring?
Come out Lurkers and Trolls!
MattLikesAnalysis Wrote: ------------------------------------------------------- > FrankArabia Wrote: > -------------------------------------------------- > ----- > > Matt, > > > > i believe you can guage “goodwill” by looking > > around a store in some instances. As goodwill > in > > this instance represents the intangibles of a > > company that can generate increasing earnings. > > > > For example, by visiting your local Foot > Locker, > > you can guage that Nike has strong brand > loyalty > > and a following all in the meanwhile making the > > coolest shoes that the chicks will dig. > > > yeah, you can guage the goodwill of nike, but you > can’t guage the goodwill of a retailer by watching > the store. unless you go to the store everyday and > survey customers about where they shop, how often, > and why, you cannot establish a qualitative guage > of goodwill. do you really need to go to a > wal-mart to realize that they have goodwill? why > not just look at their same-store sales and sales > growth, it kinda tells you the whole story without > making the trip and smelling dirty people. > watching people buying things that will be > recorded in sales tells you nothing other than a > validation that they are not lying about sales. if you go strictly by the numbers, than you’re missing the key qualitative aspect that is problably just as important as the quantitative. I actually did go to Walmart to do research on just that. i didnt’ buy however though I think walmart is definitely good (duh?). it would be nice if we can just rely on annual reports to make our decisions. In many cases, i think we can. For certain businesses, that is really all you have. history is just that. if you want to believe the trend is upwards based on the fact their last 10 years has shown increases, then you’re susceptible to the fact that the trend reverses. I think by going to a store, you understand why the trend is giong upwards, which is just as important as the fact that it has been going upwards.