Dr. Wendee Attends TNDDA Investment Banking Conference in Tucson, Arizona

Dr. Wendee attended The National Due Diligence Alliance (TNDDA) investment banking conference, which was held July 21 – 23, 2017 in Tucson, AZ. This is a conference held several times throughout the year for investment bankers and registered investment advisers to learn about new opportunities in the Alternative Investment asset classes. Please see our Alternative Investment asset class section of Book #4 for potential investment opportunities.

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Dr. Wendee Tells Audience at FreedomFest 2017 How To Construct a Quantitative Value Stock Picking Model

Dr. Wendee spoke at FreedomFest again this year. The topic of his talk was The Cassandra Strategy to Find Undervalued Stocks. Dr. Wendee told the audience of about fifty people how Quantitative Value Investing works and how to construct one’s own quantitative and value oriented stock picking model.

FreedomFest is the most unusual and exciting liberty conference of the year, and this year was no exception. Over 2100 attendees went to Las Vegas to share in the intellectual feast about freedom, prosperity, individual rights, investments, and much more.

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Dr. Wendee Attended Grounded Theory Institute

Dr. Wendee attended Dr. Barney Glaser’s Grounded Theory Seminar in Mill Valley, California from June 20, 2017 through June 23, 2017. Dr. Glaser is the Co-Originator of the Grounded Theory Research Methodology and the Founder of the Grounded Theory Institute. The picture above is of Dr. Glaser (left) and Dr. Wendee (right).

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NOTES FROM THE FIELD: Cassandra Stock Selection Model Candidate List Updated

We have updated the Cassandra Stock Selection Model Candidate List.

Click the Cassandra Stock Selection Model Candidate List link to see the new stock candidate list.

The Cassandra Stock Selection Model Candidate List spreadsheet and notes can be accessed by the links above. A good way to think about this spreadsheet is that it is a list of pre-screened and ranked stocks that are in raw data form and that can be “mined” by the user of the research.

Also, please see the Cassandra Stock Selection Model Focus List. Click the Focus List link to see the current stock positions in the entire current Focus List.

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NOTES FROM THE FIELD: The Cassandra Model: “Quant Lite”

The Wall Street Journal has been running a series of articles on the rise of the “quants” on Wall Street and how Wall Street is being run by the quants. There definitely does indeed seem to be a more recent trend in that direction, as Wall Street loves chasing fads! The Wall Street Journal series is entitled, The Quants: Machines and their masters are the undisputed new kings of Wall Street.

Quantitative investing involves investment with the assistance of a computer and algorithms. Many quantitative investing models use only a computer; while others use both computers and humans. Wall Street has been hiring the best and the brightest quants it can find – even competing with Silicon Valley for the best talent. Many of these quants have PhD degrees in mathematics and computer science from the likes of MIT and Cal Tech. They often are not finance people at all. As you can imagine, the algorithms these quants write are quite elaborate and complex. But how good are they at picking stocks? Most of these models are too new for one to make an accurate assessment of how well they perform at this time. It will take years, and several market cycles, to come to any kind of a reasonable conclusion. And one should be wary with any new approach that is not easily understood. Does anyone remember what happened with Long Term Capital Management?

The Cassandra model that I developed in 1994 is a quant model. It has a twenty-three year history of performance and an excellent track record. It is a quant model algorithm that incorporates both human and computer input; and number crunching analysis. The proprietary algorithm that I developed for the Cassandra model looks at the health and financial strength of a company; assesses the growth prospects for the company; and tries to ensure that one is paying a reasonable price for the company. It could be considered a “growth at a reasonable price” model (a term popularized by legendary investor Peter Lynch). It is a quant model in every respect that is designed with a very sophisticated algorithm of its own; but it was designed not to get carried away with factors and formulas that have nothing to do with a company being a company. It is a more reasoned approach to investing based on fundamentals that drive a company’s performance and valuation. Accordingly, I have dubbed the process I use with the Cassandra Model Quant Litebecause at the end of the day, you are investing in a business, not an objective function. (Note: an objective function is a term used in the mathematical modeling process known as linear programming).

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FOCUS LIST: New Focus List Stock Added

We have added a new stock position to the Focus List.

Click the Focus List link to see the new stock position and the entire current Focus List.

The Cassandra Stock Selection Model Focus List spreadsheet and notes can be accessed by the links above. A good way to think about this spreadsheet is that it is a list of pre-screened and ranked stocks that are in raw data form and that can be “mined” by the user of the research.

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Dr. Wendee Judges at the UC Riverside Grad Slam 2017 Event

Dr. Wendee was a judge at the UC Riverside Graduate Division GradSuccess Grad Slam 2017 event which was held at UC Riverside, April 17, 2017.

Grad Slam is an important professional development opportunity for UCR graduate students. It provides the graduate students a forum for developing their public speaking skills. The event also provides the community an opportunity to learn about the important projects in progress at UCR.

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Dr. Wendee Attends TNDDA Investment Banking Conference in Houston, Texas

Dr. Wendee attended The National Due Diligence Alliance (TNDDA) investment banking conference, which was held March 10 – 12, 2017 in Houston, Texas. This is a conference held several times throughout the year for investment bankers and registered investment advisers to learn about new opportunities in the Alternative Investment asset classes. Please see our Alternative Investment asset class section of Book #4 for potential investment opportunities.

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NOTES FROM THE FIELD: Center for Global Business Research to Launch New Research Lab “FIVE”- Headed by Dr. Paul Wendee

The Center for Global Research, a part of the School of Advanced Studies at the University of Phoenix, will be launching the FIVE research lab early next month.

The FIVE research lab – that is (Applied) Finance, (Enterprise) Value Creation, Investment, and Entrepreneurship Research Lab covers a wide range of topics in business, finance, investment, and entrepreneurship. While researching a wide range of business and finance topics, it has a focus on all areas of applied finance; all areas of enterprise and shareholder value creation; all areas of investment (securities, real estate, etc.); and all areas of entrepreneurship. In essence, all topical areas of business, finance, investment, and entrepreneurship are open for exploration by this group.

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INVESTMENTS: 2017 Financial Planning Goals

Now that we have begun the New Year, it is time to start thinking about some financial planning steps we can take to increase our wealth.

I wrote a short workbook on this subject entitled, Four Easy and Powerful Steps to Building Wealth.  This workbook is available at no cost to anyone by signing up for the free membership to my website, the Intrinsic Value Wealth Report. The link for the workbook is: Four Easy and Powerful Steps to Building Wealth.

The four steps are as follows:

  1. Set up a recurring investment into your bank account.
  2. Determine an investment allocation.
  3. Select your investments.
  4. Start investing now.

The workbook has many resources to help you get started on investing in the New Year. Go to the link and sign up to get more details on starting your wealth building program.

Additionally, I would suggest that people of any age start planning for retirement. A good first step is to use one of the many good retirement planning calculators available. The Intrinsic Value Wealth Report  has one that can be accessed at Retirement Calculators. Also, look into using a retirement savings vehicle such as an Individual Retirement Account (IRA) or a 401(k) plan. Click Retirement Accounts for information on IRAs and 401(k) plans.

In the financial planning field, there is a concept known as paying yourself first. It is very simple and works this way. Each month, the first money that comes out of your paycheck should be to your own savings account or retirement planning account. After that, you can pay your bills, go on vacation, go out for dinner, buy your groceries, etc. Following this simple guidance will ensure that you will be setting aside some savings each month.

Couples should plan for savings and retirement, as well. As couples, it is critically important for you to be in agreement on your savings and investment plans. If you are not in agreement, it is unlikely that your savings and investment plan will ever get started. I have seen many couples fail in their financial goals over the years by not being in agreement and working together on their family financial planning.

Napoleon Hill said that if you can imagine something, you can achieve or create it. This applies to achieving your financial goals as well. Visualize what you are saving and investing for, whatever it might be – college for your children, vacation, retirement, and so forth. And most importantly, START NOW! Don’t wait. Procrastination never gets you to your goals. Furthermore, the power of compounding your investment returns needs as much time as you can give it for the maximum possible benefit from investing to be achieved. The longer you have to save and invest, the larger the potential returns you can achieve.

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