TMFEdV

Edward Vesely

General Information

Name:
Edward Vesely
Fool Since:
January 13 2012
Aliases:
EdV (3/23/2017), evesely (4/16/2014), evesely72 (1/7/2014), Pushkarov (4/1/2013)
Where I Live:
Queensland
Where I Grew Up:
Brisbane
Gender:
Male

Investing Basics

Investing Experience:
High
Risk Tolerance:
Medium High
Investing Style:
Long-Term Buy to Hold
Portfolio Size:
Large (12 or more Stocks)
Types of Investments:
Listed businesses with high inside ownership, moderate to no debt. The size of the businesses I tend to look at preferably have a market cap of under $1b in Australia and under $50b in the US.
Stocks I Own:
AMZN, CGNX, EEFT, FB, MA, MKL, MIDD, PAYC, SHOP, STMP, TTWO, V, ASX:ARB, ASX:BAP, ASX:CCP, ASX:CL1, ASX:CBL, ASX:CSL, ASX:CTD, ASX:DDR, ASX:FLT, ASX:FOR, ASX:HSN, ASX:IRI, ASX:ISD, ASX:LEP, ASX:ONT, ASX:PME, ASX:REH, ASX:RHC, ASX:RMD, ASX:SOL, ASX:WTC, ASX:XRO

Investing Favorites

Stocks:
BRK.A, FB, ASX;COH, ASX:CBL, ASX:ALU
Industries:
I'm agnostic on industry type, however, I tend to avoid resources companies due to their price-taker characteristics..
Books:
Many to read, so little time. In general, biographies are good, but will read any good book that studies the topics of history, investment, and psychology.
Newsletters:
Cuffelinks (Aus), Motley Fool (US & Aus), NZ Super Fund Performance Report, Forager Funds Quarterly report.
Magazines:
Smart Investor (Aus), Fortune Magazine, Fast Company
Blogs:
Bristlemouth, A Wealth of Common Sense
People:
Steve Johnson, Ben Carlson, Charles Akre, Noel Whittaker, Tom Gayner, Jeremy Grantham

Investing Expertise

My Area of Expertise:
Superannuation, investment.
Greatest Investment:
Buying a house, ASX:FLT, ASX:ARB, ASX:IRI, ASX:CTD, AMZN
Worst Investment:
ASX:ISD
Money I Manage:
Family

Education And Work Information

School(s) Attended
Griffith University, Queensland University of Technology

Interests

Personal Quote:
Stay standing. Be tenacious.
My Interests:
My family; my health; technology progression; Antarctica; and of course, reading on anything investment-related.
Person(s) I'd Like To Meet:
Warren Buffett, David and Tom Gardner (done!), Selim Bassoul, Roger Federer, Usain Bolt, Tom Gayner, Ernest Shackleton (a true hero, but long gone from this world)
Favorite Restaurants or Foods:
Gomez y Guzman (burritos), Indian, slow-cooked casserole and and any meals made by my wife!
Favorite Vacation Spots:
Northern NSW, Coromandel Pensinsula, Canterbury and Otago, New Zealand
Favorite Sports or Teams:
Queensland Rugby League team, and dare I say it, the All Blacks. I really admire their team culture and New Zealand's fanatacism of their heros. There's really nothing like that in Australia.
Favorite Movies:
Not really a movie but "House of Cards' is unbelievably good television. Two recent good movies though were Spotlight and The Big Short.
Favorite Board Games:
Stockmarket Monopoly
Favorite Video Games:
I really admire the creativity and technical nous that goes into modern computer games, especially on-line multi-player games, but personally I have very little interest in playing any video game for more than 5 minutes. I just get too bored and find the real world far more interesting.
Favorite Music or Musicians:
Currently, PostModern Jukebox ticks a lot of boxes for me. A YouTube sensation playing modern music with an olde twist!
Great Books Read Recently:
"It's Alive! Artificial Intelligence from the Logic Piano to Killer Robots" by Toby Walsh.
Book Currently Reading:
"The Better Angels of Our Nature: Why Violence Has Declined" by Steven Pinker.

How I Invest

I'm agnostic on any particular industry to place my long-term savings, but what I do look for is a strong balance sheet, quality management teams that are also advocates for the company's owners, and a growing market opportunity. Ideally too, the management will have a reasonable to significant stake in the business. This at least provides me with some confidence that management have an incentive to grow the business profitably and for the shareholders. I'm also long-term in my thinking. I actually do sell when I see an opportunity to take advantage of extreme valuations, or when I lose confidence in the prospects for the business. Absent either of the above though, and as long as the company can continue to grow its top and bottom lines (and operating cash flow) without taking on too much debt, then I'll hold. I'm not averse to looking at smaller less-mature businesses. In all cases, my best returns have come from companies outside of the top 50 on any index.