The Twelve Years Successful Career of Chief Investment Officer Sahm Adrangi

Kerrisdale Capital Management’s current Chief Investment Officer, Sahm Adrangi, is a man with a well-decorated career. According to a recent online publication “seekingalpha” the retired Wall Street investor caught up with the editor after a heartfelt piece titled “An Ode To Those Who Wander.” After a lengthy chat, the editor decided to come up with a detailed career life of Mr. Sahm.

For starters, Sahm is Penn State graduate who through sheer determination and hard work has earned for himself most of the success he enjoys in the industry. Mr. Sahm started his career as an intern in New York City’s Merrill Lynch’s credit desk. Even after completing his one-year internship program, his hard work and resourcefulness enabled him to get an extension of three years at the institution’s bond desk. After living Merrill Lynch, Mr. Sahm catapulted his career by taking the credit trading position at Longacre, a $3 billion hedge fund. It is after leaving Longacre that Sahm ventured on his own to start Kerrisdale Capital Management.

Despite achieving huge success in Wall Street Sahm decided to call it quits. Some of the major reasons the investor cited behind his decision included the ever-increasing cost of living in NYC, the engaging and time-consuming nature of Wall Street job and finally his perception of the fact that Wall Street investment had changed. Even after living the trade, Mr. Sahm still enjoys trading and currently attributes his current incomes from selected securities.

About Mr. Adrangi

Sahm is the founder and current CIO of Kerrisdale Capital Management, an investment firm he started in April 2009. Ever since its establishment Mr. Adrangi has been involved with the daily running of the venture hence growing it from a firm that manages $1 million to its $150 million in terms of assets by July 2017.

Mr. Sahm came to the limelight from shorting and revealing the fraudulent activities of Chinese companies. With a deep understanding of the market, Mr. Adrangi is also known for his publishing roles thus helping investors grow the investments by themselves.

For details: www.kerrisdalecap.com/

An Oracle, An Analysis, And A Wager

The Oracle of Omaha, Warren Buffett is known for participating in investments that make the long-run very profitable. Usually when Mr. Buffett says that he is heading in a particular direction of an investment, the crowd goes along, hoping to make a profit with him. The ability to bet against Warren Buffett is a rare thing and if a company wants to justify the opposition, they should put their money where their mouth is.

Mr. Buffett placed a bet for a million dollars that he could beat a group of hedge fund managers by simply investing in a passive fund found in the S&P 500. In most peoples opinion there is good reason to believe that what he is doing is based on some unknown strategy that he has used to amass his billions, but that is not clear.

He is a bottom-up investor so there is a lot of investigating done with anything that Mr. Buffett participates in. One thing that is clear, he believes that the investment is a very safe one and does not risk him losing his million.

An article written by Timothy Armour, CEO of Capital Group, talks about this wager made by Warren Buffett. Mr. Armour is a believer that the Trump Era is going to be one that ushers in higher inflation and stronger growth. He is betting that the new normal is not the wave of the future and that quicker economic growth is realistic. While most of the hedge-fund managers are skeptical of a Trump phenomenon changing much, Mr. Armour is not in that camp.

Mr. Armour became the leader of Capital Group in 2015 and has taken the unprecedented step to manage funds himself. He is keeping his ear to the floor, so he might have an inside track to what is going on in the market.

Read more on Angel.co and Medium.com.

I Am A Day Trader Who Uses Laidlaw & Company

I know that a lot of people who are day traders think that they have to do everything on their own, but that is usually when people start losing money. They need to have someone who is helping them every day with their trading. There are some days when I do not make any trades or make any money, but there are other days when I make a lot of trades and make a lot of money.

I choose to use a broker when I wanted to be a day trader, and I came to Laidlaw & Company for help because I knew that I needed someone who was an expert. I got to speak to someone at Laidlaw & Company who knows what they are doing, and we actually started wit a big meeting with Matthew Eitner and James Ahern. They talked to me about day trading, and they sent me to a broker who does this every day. This was important to me, and it made me a more profitable day trader because I had a chance to work with these wonderful people.

Laidlaw & Company has been a great company to work with because they have made sure that they have given me all the assistance that I need to make money as a trader. I am trading for a lot more money, and I am trading in a way that gives me a monthly income. We are all working together to make sure I can pull out the right amount of money every month, and I still have a lot of money left over to invest with. We keep breaking new records for my trading, and I can call my broker any time that I need help. That is why I chose Laidlaw as my personal day trading partner.

Laidlaw & Company: Analyzing their lows and Highs

 

I recently read that Remelda Therapeutics, a company known for developing new treatments for chronic pain, has decided to change its legal complaint against Laidlaw & Company. This change to the complaint, a lawsuit filed with the Nevada District Court, claims the Laidlaw breached its contract with Remelda when it revealed confidential information about them they were made aware of during investment banking proceedings. Laidlaw has in turn been caught by the court making false statements about Remelda. It looks to me like Laidlaw is going to have to pay up sooner or later. Remelda is keeping all of its stockholders appraised of the situation.

Relmada Therapeutics Files Amended Complaint Against Laidlaw and Its Principals, Matthew Eitner and James Ahern

I don’t want to give the impression that Laidlaw & Company is all bad. They are actually a very good investment banking and wealth management service firm. The company has offices in the U.K. and in New York. It provides its services to people and institutions in both the U.S. and throughout the United Kingdom. They have on staff great professionals who specialize in raising capital, acquisition financing, and the arrangement of national exchange listings. And being based in the U.K. does not mean at all that they are not in tune with the market climate in other parts of the world.

They are always in the know, especially concerning the U.S. market. They are also extremely adept at a host of other investment services such as investment consultations, divestitures, fairness opinions, financial optimization, private transaction guidance, buyouts, recapitalization, strategic partnering transactions, and mergers. This is just a sampling there are many other such avenues at which Matthew Eitner excels. Overall its wealth management services with top-of-the-line professionals and tools for financial planning, portfolio management, and financial advising are excellent quality. While Laidlaw & Company may not be the very best investment banking firm in the world, it is still highly to be recommended.

Learn about Laidlaw here..

Laidlaw & Company: Whats Happening this month

The ongoing lawsuit that Relmada Therapeutics has filed against Laidlaw is back in the news as Relmada has amended the suit to include accusations that the investment bank divulged financial information of Relmada’s while doing business for the drug company. Read the original article, Relmada Therapeutics Files Amended Complaint Against Laidlaw and Its Principals, Matthew Eitner and James Ahern here.

Relmada had previously filed a suit against the company for disseminating proxy materials that were false and misleading. After the amendment, Relmada sent a letter to stockholders to explain what they were doing was in the best interest of both the company and the shareholders.  Naturally, Laidlaw and Company was not happy about this.

Anybody familiar with the world of investment banking should not be surprised at the accusations being leveled against Laidlaw and its two principals, Matthew Eitner and James Ahern. They have the reputation of being some of the biggest crooks around, and from what I have heard, it is well-deserved.

They are well known to grind their employees down while compensating them very little in return for their shark-like mentality. Reading about them on employee review sites, it seems they are encouraged to mislead clients about financial dealings all in the interest of scraping up that last dollar. As my grandfather used to say, “They would steal the coins off of a dead man’s eyes.”

Starbucks Heavily Investing In China With New Roastery

China has seen tremendous economic growth in the past few decades, and global brands are rapidly shifting their focus to capture this growing market. A recent article posted by Eater outlines the plans for Starbucks’ expansion into Shanghai. While Starbucks is already operating in China, this plan calls for the construction of a huge 30,000 square foot complex, offering way more than the normal Starbucks store. With the recent growth in the coffee “boutique” experience, it seems a natural extension to bring this experience to the Chinese market.

The facility that Starbucks is planning is intended to be a full-service facility, where customers can watch coffee being roasted and take educational classes, as well as chat with baristas and purchase small-batch boutique coffees. They intend to offer an experience curated for the Chinese consumer, including regional food and drink choices. This is one example of Starbucks trying out larger and more impressive combinations of roasting facilities and retail merged together. Starbucks has also built one of these facilities in Seattle, Washington, with much fanfare and celebration.

This bold move is part of Starbucks’ overall swing towards China, following global market trends. In a recent interview, Starbucks CEO Howard Schultz suggested that in the near future, China could have a larger percentage of Starbucks stores than the United States. While this bet will play out over time, Starbucks is heavily leaning on anticipated growth in China.