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Mark Sellers
By admin - Posted on October 5th, 2008
Tagged: Mark Sellers III's hedge-fund career peaked this summer about the time he turned 40. Then it cratered. Mr. Sellers, who once managed close to $300 million, is shutting his Chicago-based firm and retiring, at least until his distaste for the pressures of managing other people's money subsides.
"What I've learned about the hedge-fund business is that I hate it," says Mr. Sellers, a former stock analyst with Morningstar. "I have enough money that I don't have to work, and why should I put myself under that much stress?"
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Mark Sellers III's hedge-fund career peaked this summer about the time he turned 40. Then it cratered. Mr. Sellers, who once managed close to $300 million, is shutting his Chicago-based firm and retiring, at least until his distaste for the pressures of managing other people's money subsides.
"What I've learned about the hedge-fund business is that I hate it," says Mr. Sellers, a former stock analyst with Morningstar. "I have enough money that I don't have to work, and why should I put myself under that much stress?"
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- Read more
By admin - Posted on March 1st, 2008
Tagged: When Google completed its initial public offering in August 2004, the stock seemed overpriced. Even after reducing its IPO price from $108 to $85, the company’s trailing price/earnings ratio was well over 200. Journalists, analysts and market pundits exclaimed that Google was the most overpriced IPO in years, and warned investors to avoid it.
When Google completed its initial public offering in August 2004, the stock seemed overpriced. Even after reducing its IPO price from $108 to $85, the company’s trailing price/earnings ratio was well over 200. Journalists, analysts and market pundits exclaimed that Google was the most overpriced IPO in years, and warned investors to avoid it.
By admin - Posted on December 17th, 2007
Tagged: Mark Sellers of Sellers Capital likens the market to a game of online poker, with anonymous opponents and continuously evolving probabilities. Mark Sellers shares a few more things that he has learnt about the stock market.
Mark Sellers of Sellers Capital likens the market to a game of online poker, with anonymous opponents and continuously evolving probabilities. Mark Sellers shares a few more things that he has learnt about the stock market.
By admin - Posted on December 13th, 2007
Tagged: Emil Lee recently chatted with Mark Sellers, founder of Sellers Capital. The hedge fund boasts roughly $115 million in assets and annualized returns of 35% (before fees) since inception, including a 45% year-to-date return.
Mark Sellers says "The first thing we do is figure out what the problem is. Ninety percent of making money in stocks is not losing money, which has to do with knowing what the problem is and how it can be solved. Every company we buy has a problem with it, otherwise it wouldn't be cheap."
Emil Lee recently chatted with Mark Sellers, founder of Sellers Capital. The hedge fund boasts roughly $115 million in assets and annualized returns of 35% (before fees) since inception, including a 45% year-to-date return.
Mark Sellers says "The first thing we do is figure out what the problem is. Ninety percent of making money in stocks is not losing money, which has to do with knowing what the problem is and how it can be solved. Every company we buy has a problem with it, otherwise it wouldn't be cheap."
By admin - Posted on August 8th, 2007
Tagged: Should you spend countless hours researching a stock before buying it, or just a few hours? The common wisdom is that the more time you spend on research, the better your investment results will be. But is this correct?
Should you spend countless hours researching a stock before buying it, or just a few hours? The common wisdom is that the more time you spend on research, the better your investment results will be. But is this correct?
By admin - Posted on June 5th, 2007
Tagged: Mark Sellers of Sellers Capital Fund says :My investment firm focuses its research on two types of companies: those with wide economic moats, and those with hidden assets that are worth nearly as much as the value of the entire company.We also spend time looking for hidden asset plays, which tend to be small-cap companies with illiquid shares. These are harder to find because you can't screen for them; analysts often don't cover them; and they usually aren't very profitable (yet). They can be hard to value, so most investors don't bother."
The term "economic moat", coined by Warren Buffett in the 1960s, describes a company with nearly unassailable competitive advantages within a healthy industry. This position allows it to generate high returns on capital for decades.
Mark Sellers of Sellers Capital Fund says :My investment firm focuses its research on two types of companies: those with wide economic moats, and those with hidden assets that are worth nearly as much as the value of the entire company.We also spend time looking for hidden asset plays, which tend to be small-cap companies with illiquid shares. These are harder to find because you can't screen for them; analysts often don't cover them; and they usually aren't very profitable (yet). They can be hard to value, so most investors don't bother."
The term "economic moat", coined by Warren Buffett in the 1960s, describes a company with nearly unassailable competitive advantages within a healthy industry. This position allows it to generate high returns on capital for decades.
