Seeking Alpha has a popular podcast called Behind the Idea. They recently interviewed Wall Street Hedge Fund Manager Sahm Adrangi who is well-known as a trader that often takes short positions on publically traded firms. On this podcast, they asked about his recent short idea and what types of advanced techniques he and his team at Kerrisdale Capital Management take when it comes to shorting stocks.
There’s been a lot of talk during this long bull market that hedge funds are out of style. The trend is towards index investing where you just own the whole market. Others espouse strategies such as quant or other mechanical approaches to investing. However, as Sahm Adrangi shows there is still plenty of room for a manager who analyzes stocks and companies and then selects among them. He says that he hasn’t had too much difficulty investing long in good stocks and shorting companies that he sees as not delivering.
One of the companies who stock Sahm Adrangi recently shorted is Proteostasis (PTI). He and his analysts went over this firm’s Phase 2 data for their lead drug candidate and saw some big issues with it. This company is trying to develop a drug candidate to treat cystic fibrosis. The lead drug candidate, PTI-428, claimed there was a 5.2 percent increase in lung performance shown in their latest clinical trial. He said this was nonsense and the drug barely did better than a placebo.
The Behind the Idea podcast series also talked about another one of his shorts which was St. Joe. This is a Florida land developer that owns a huge tract of land. The long-time plan for this land is to build a giant residential and commercial development. Sahm Adrangi looked into this land and found out it is desolate swamp land in the middle of nowhere. He says there is absolutely no viable way St. Joe’s plan for this land is going to ever be realized. He said that St. Joe was valued at $1 billion with much of that value based on this land. He sees St. Joe as being nowhere worth that amount of money.
Over time, online trade of virtual items for value has been made difficult by such problems as frequent scams resulting from inefficient trading platforms. The insufficiency has often occurred to loss and thus a possible push-away of skin traders, which translates to an apparent retrogression in eSports. This gave rise to OPSkins. It offered a trusted platform for the trading of the virtual ‘goods’. However, it was using a centralised system.
With time, a troubled time of technical incapacities inherent to centralised systems, OPSkins has borne WAX (Worldwide Asset eXchange) that applies the blockchain technology approach to conducting the business matters sustenance and distribution of value. WAX offers a platform where buyers and sellers can access a wide range of virtual products and be able to purchase or sell them confidently. It has provided a universal platform for trading the virtual assets thus countering the ‘fragmentation’ problem associated with the conventional markets. WAX has also written off a wide variety of financial risks as incurred in the regular markets.
WAX’s blockchain is powered by Delegated Proof of Stake consensus algorithm. With DPOS, the users vote for proposed delegates in an ‘election’ from which ranks to the guilds are established but weighed by the games they support.
WAX has Malcolm Cassel as its president. He is the Chief Information Officer at of OPSkins, the host company for WAX. He is a holder of 2 degrees, both of computer science, one being from MIT, a bachelor’s degree and the other Stanford University, a master’s degree. He speaks Mandarin and Japanese. He is knowledgeable and has got all qualifying skills necessary to preside over the coming to be of WAX.
He has made tremendous accomplishments in his life in the world of technology entrepreneurship. He has started off several start-ups namely MediaPass, Xfire and Groupons Joint Venture. He has previously been president and Chief Technical Officer of Tribune Publishers, now Tronc. He has also been CEO of Timeline Labs. His breakthrough in entrepreneurial accomplishment was PCCW a telecom company that’s currently valued at an excess of $35B. These accomplishments have served a great deal in preparing him to the server as CIO at OPSkins and thus pioneer the WAX program.
Find out more about Malcolm CasSelle: http://casselle.com/
Peter Briger has had a very successful career as a financial services firm executive. His experience includes stints at Goldman Sachs and Fortress Investment Group. At these two firms, he has helped them grow and expand into a number of key financial markets all over the world. Briger has also helped these firms meet the needs of their many clients as well as provide sound leadership. His career reached a high point when he was named as a partner of Goldman Sachs. This helped him reach a significant milestone as a financial services firm executive. Outside of the financial industry, Peter has been quite active in both investment clubs and the local community. He has spent time as a member of an Ivy League university investment organization as well as making contributions to community development in both New York City and San Francisco.
Before he began his career, Peter Briger attended Princeton University. At this college, he would study a number of courses in business and liberal arts. Within four years, he would complete a bachelor’s degree. This would make him eligible to attend business school in the future. Peter would eventually attend the University of Pennsylvania Wharton School of Business. While at this university, he would take a number of advanced courses in business and economics. At the end of the program, he would then finish a master’s degree in business administration.
Both before and after Peter Briger attended Princeton University, he was a member of its investment club. This was an organization where individuals can learn more about investing as well as get more updated information about the current state of the financial markets. Peter spent a number of years advancing his knowledge of the financial sector as well as providing it to other investors and students. This would help him become more successful as a financial services executive throughout his career.
After completing his college degree programs, Peter would work for a number of investment firms. One of the top firms that he would work at was Goldman Sachs. While working at this firm Peter Briger would become a partner in 1996 and become a key member of its leadership team. After working at Goldman Sachs, he would join Fortress Investment Group. At this firm, Peter managed the credit department and provided additional leadership for the entire firm.
JHSF Participacoes has been around since the year 1972. It is based in Brazil, and it is one of the most prominent companies in Brazil’s real estate development industry. Long before its current success, however, JHSF started out as a simple family business focused on construction materials. JHSF’s current Chief Executive Officer is the grandson of the company’s original founder, and his name is Jose Auriemo Neto. JHSF Participacoes has gained many happy clients due to its luxurious designs.
When Jose Auriemo Neto first joined JHSF back in 1993, he expressed a strong desire to grow the company and significantly expand its operations. This goal has now become a reality, and Mr. Neto’s contributions played a large part in the companies massive success in recent years. One of his strongest ideas was to move the company into the industry of retail in order to find new clients. Thanks to his vision, of of Brazil’s biggest and most well-known shopping centers was built. Sao Paolo’s Cidade Jardim is one of Neto’s projects, and it is one of Brazil’s most beloved shopping centers.
CEO Jose Auriemo Neto’s strong and competent leadership has certainly been instrumental throughout the process of turning JHSF Participacoes into an internationally recognized real estate development company with projects in both Uruguay and the United States. With Mr. Neto as its leader, the companies value shot through the roof, and it is currently valued an over $1 billion.
The developed world has become a world of comfort seekers. Not only are people seeking comfort, they are very aggressive about it. If they find someone seeking after their goals which are much more than just working a regular job for minimum wage, then they are likely to jump on that person and do everything they can to discourage and quench that drive in him. This can be a source of fear in a lot of actual achievers. One thing that can be frustrating about this for people who are working towards some higher goal is that they often do not expect to have to fight for their goals.
For these people, the best thing is to listen to Vijay Eswaran. He has a lot of insight about starting a business and bringing forth a successful business. The only thing is that they have to fight through the comfort seekers. It also helps to understand these comfort seekers.
One thing about comfort seekers is that they are one of the people who avoid fear. They view the world from the lens that makes fear something to avoid. These people do not understand that fear can be excitement in disguise like Vijay Eswaran suggests. Another thing is that some comfort seekers may have jealousy or envy towards the achiever because the achiever has something that the comfort seeker feels he himself lacks. This is the drive to do something. The comfort seeker will chase after the achiever under the guise of wanting to help and wanting a good life for the achiever. However, there is a deep seated fear that the achiever might accomplish something amazing. and that will somehow be a detriment to the comfort seeker.
This is only one of many possibilities. One thing that people are going to have to do when they go for their goals is risk the disapproval of comfort seekers. After all, the life of the comfort seeker has nothing to do with the life of the achiever. Vijay Eswaran has come to understand that as he moved towards his goals of being a successful business owner.
Roberto Santiago is one famous prominent entrepreneur in Brazil. He was born Joao Pessao where he was raised. He did not come from one of the well of families from his community. From his history, it shows that Roberto Santiago was a very determined person from the beginning. He went to one of the colleges from his home area after which he saw the need for going for an undergraduate degree. So he went ahead and attended one of the University Centers at Joao Pessao where he attained his undergraduate degree in Business administration.
Like any other entrepreneur, Roberto Santiago needed to get some experience in business by working with some other companies to gain some skills and identify the possible business opportunities in the market. He, therefore, worked in a manufacturing company in Brazil called Café Santa Rosa. It is here where he became keen and observant about what was happening in the business world. After working for some time, he saw that it was better for him to start his ventures.
Roberto Santiago was very creative and innovative. His very first venture into business was the creation of accompanying which was selling cartons which were made from cardboard. His creativeness is even portrayed by the name he gave his company. He wanted to make it identified and known by everyone. One secret in entrepreneurship is that even the name of the business makes some crucial contribution in marketing it. He named his company Cartonnage Company.
Well, this was not the stopping point for him; he always dreamt big and had a very outgoing mind. He went ahead and decided to make maximum and efficient use of his profits by buying land in which he decides to build a mall called Manaira Mall. Today, Manaira mall is one of the most famous prestigious malls in Brazil. He launched this mall consisting of more than two hundred stores, playing grounds,
On the rooftop of Brazil Mall is a very famous hall that hosts conferences, weddings, exhibitions, graduation ceremonies among others. The hall is called Domus Hall. The mall also holds a significant number of accommodation rooms that hosts a large number of individuals. The rooms are instead with high tech music, soundproof walls, and air conditioners.
The mall now holds one of the largest shopping centers in Brazil; it also holds gaming areas, financial institutions, education institutions such as colleges, gyms, food court, theatres among others. Roberto Santiago story about his journey to success seems quite interesting because it all has so many lessons that any other existing or prospective entrepreneur should take into consideration. One of the reasons that he became successful is that he made the right decisions while planning for his investments. Good decisions make you a hero, but bad decisions and repeated mistakes in life can make you a zero.
Peter Briger is a financial professional and business leader and currently resides in San Francisco, California. His experience in the field of asset management spans two decades. He currently serves the leading management and global investment firm of Fortress Capital Investment Group as the Co-Chairman and Principle. The company is highly diversified and caters to both institutional and private investors. Peter Briger oversees assets worth well over $65 billion.In 2009 Peter Briger was honored by being elected as the boards Co-Chairman. His guidance has been invaluable for the operations of the firm since 2009. His responsibilities currently include overseeing the real estate business and investment credit fund for the group. As of December 31st of 2017 the Fortress Investment Group was managing assets valued at approximately $43.6 billion.
This management encompasses private investors and clients all over the world. The services they provide include capital investment strategies, private equity, real estate and credit.The cornerstone for Peter Briger and the Fortress Capital Investment Group are the generation of returns with a strong adjusted risk for their investors for the future. There were 953 employees in asset management at the end of 2017. This included 216 employees specializing in investments located at the New York Headquarters and affiliate offices throughout the globe.Peter Briger was well educated and graduated from both Princeton University and the Wharton School of Business at the University of Pennsylvania. He earned his MBA at the latter. He has served Goldman Sachs as a partner in the past and has been responsible for overseeing operations in many different areas of business.
Peter Briger has served numerous committees including the Asian Management Committee and the Global Control and Compliance Committee. His responsibilities have including serving as the Co-Head for the Whole Loan Sales and Trading business and Fixed Income Principal Investments Group for the firm. Peter Briger was also responsible for the management of divisions including the Special Opportunities Fund for Goldman Sachs and the Asian Distressed Debt business.Peter Briger has responsibilities separate from his professional career. He is a contributor to many different community and philanthropic driven causes. He serves the Global Fund for Children as a member of the Silicon Valley Leadership Council. He additionally belongs to the Council on Foreign Relations. This is a nonpartisan organization working for the promotion of a better understanding of the issues regarding foreign policy among both the elected officials and the citizens.
Louis Chenevert served as the Chairman and the Chief Executive Officer of United Technologies Corporation for a time, and he did good work while he was working for that company. He worked hard for UTC, giving to that company each day that he was on staff for them. He found that focusing on operational talent was something that was important when he was working for UTC, and he focused on that each day. He also found that focusing on engineering was something that he had to do so that he could handle his work well, and he focused on that, as well.
Interesting development in the aerospace sector: https://t.co/9xzKKNQ3sH
— Louis Chenevert (@louis_chenevert) February 20, 2018
Louis Chenevert helped UTC to grow because he was willing to invest in technologies. He was able to do big things with the company because he looked toward the future. He focused not only on what he needed to do to help the company right away, but he did things to help the company as it went into the future. The things that he did for the company are still affecting both it and the economy.
There are some who are eternally optimistic, and that is something that Louis Chenevert is essential to being a good entrepreneur. He also believes that being a focused individual can help a person to find success with any venture that they undertake. He believes that a person has to be passionate if they are going to make it. A good entrepreneur is all three things, according to this man, optimistic and focused and passionate.
Louis Chenevert believes that it is important to put together the right kind of team if a person is hoping to run a successful company. He believes that it is important to encourage and appreciate that team. He also believes that it is important to make customers happy and to give them what they want.
The world of business is filled with luck and randomness. Just because you have the skills, ideas, right background and full support from your potential clients, you still could end up bankrupt. One of the people who have the right mix of talents, skills, and luck is Ronald Fowlkes, whose preview of his career, accomplishments, and strengths we will elaborate in this article.
Business in Law Enforcement
One of the key descriptions that you will learn about Ronald Fowlkes is the fact that he’s been the Development Officer in the Business Operations for Eagle Industries Unlimited. Such role means that Ronald is given the roles and tasks that demand the highest level of undivided attention from him. There are numerous responsibilities inherent in being the Business Development officer, and one of them would be the distribution of educational material and product education of the solutions sold by Eagle Industries Unlimited to more than 150 personnel and clientele of Eagle Industries. It is also the role of Mr. Ronald Fowlkes to make sure that he dispenses the right modules and instructional tools to the people using its products.
You should also know that without the help of Ronald Fowlkes in spreading the information about how to use Eagle Industries’ set of solutions and tools, it would be hard and probably quite impossible for the company to reach the success that it has achieved today. Some of the other responsibilities also of Mr. Ronald in his work is to make sure that there’s continued patronage and support from the clients in the form of continued sales and purchases of products sold by Eagle Industries.
Why He Works In Eagle Industries
There are many reasons why Mr. Ronald is selected for Eagle Industries. But, one of the most prominent reasons that spell the competence of Mr. Ronald would probably because he was once the Defense-Armory Contractor for the JIEDDO. This JIEDDO organization is an improvised joint and device prevention group that helps with military problems in Iraq and United States Army.
Among his primary duties would be to coordinate with the various mounted and assorted dismounted operations that the U.S. army infantry undergoes. It is also the main duty of Mr. Ronald to oversee the U.S. Military to make sure that their operations are in sync with the military standards set by international law.
You may also be able to increase your respect for Mr. Ronald if you knew that he’s also the man behind for the various post-bombing analysis that the military operations in Iraq are undergoing. It is also part of the job of Mr. Ronald to make sure that all the evidence that the U.S army gets from Iraq is well-organized and systematic enough for easy analysis.
SahmAdrangi is a name that’s hard to miss in the investment community. He actually is an enormous force in the competitive investment world. That’s due to the fact that he is the head of a renowned firm that’s called Kerrisdale Capital. He works as the firm’s devoted Chief Investment Officer. He created it by himself in 2009, too. Developing and growing Kerrisdale Capital has been a way of life for SahmAdrangi for many years at this point. He works hard to do anything and everything in his power to help the firm thrive and do positive things for the investment realm.
SahmAdrangi has in-depth knowledge that relates to investments. He also has a lot of savvy that relates to credit matters. He used to work in a position that revolved heavily around credit. He secured a position with renowned Deutsche Bank. That’s where he was responsible for all types of matters that involved debt financings. SahmAdrangi also worked for a notable company that was called Chanin Capital Partners. He gave creditor committees all sorts of tips and suggestions. He talked to them about subjects that involved bankruptcy and restructuring. This professional had a strong career before getting into investment banking in earnest. He worked for a hedge fund for a good while. This business was known by the name of Longacre Management.
Adrangi is incredibly proud of his career background. He’s also immensely proud of his education. He studied at Yale University, a world-class Ivy League school located in picturesque New Haven, Connecticut. He got an economics B.A. (Bachelor of Arts) degree while at the famed institution. He learned about so many diverse topics while at Yale. He uses his Yale knowledge to drive his career nowadays as well.
Adrangi has a talent for communications and interactions. He, because of that, makes regular speaking appearances at prominent conferences. He spoke at the Active Investor Conference, the Distressed Debt Investing Conference, the Value Investing Conference and even the Sohn Conference. People have seen him in the Washington Post, the New York Times, BusinessWeek and the Wall Street Journal.