dugganwayne

Wayne Duggan

Wayne Duggan is the author of 'Beating Wall Street with Common Sense' and the developer of tradingcommonsense.com. Wayne obtained his degree in Brain and Cognitive Sciences from MIT in 2006, and he utilizes his background in neuroscience and human behavior to focus his trading approach largely on market psychology. Wayne currently works as a Computer Programmer and MRI Technician at the Auburn University MRI Research Center. On the weekends, you can usually find Wayne and his wife Jennifer on the tennis courts or at the lake with fishing poles in hand.

General Information

Name:
Wayne Duggan
Fool Since:
April 17 2014
Where I Live:
Auburn, AL
Where I Grew Up:
Hazel Green, AL
Gender:
Male

Investing Basics

Investing Experience:
Medium
Risk Tolerance:
Medium High
Investing Style:
Motley (i.e. Anything goes!)
Portfolio Size:
Medium (4-12 Stocks)
Types of Investments:
stocks
Stocks I Own:
MPEL, IRE, AAPL, BAC, WFC, DVAX, HPQ, AMZN (Short)

Investing Favorites

Stocks:
BAC, IRE, MPEL, AAPL
Industries:
Financials, Gaming
Boards:
chess, checker, diving, skate, circuit, surf, mother, chalk
Books:
Market Wizards, The Big Short, One up on Wall Street, Irrational Exuberance, Real Money, and (of course) Beating Wall Street with Common Sense!
Blogs:
tradingcommonsense.com
People:
(from most cliche to least cliche): Warren Buffett, Jim Cramer, Robert Shiller, Peter Lynch, Jack Schwager, Ben Bernanke

Investing Expertise

My Area of Expertise:
common sense
Greatest Investment:
BAC
Worst Investment:
GM
Money I Manage:
hard-earned

Education And Work Information

School(s) Attended
Massachusetts Institute of Technology (MIT)
Job Title
Computer Programmer and MRI Technician
Company / Organization
Auburn University MRI Research Center

Interests

Personal Quote:
"You don't need a weatherman to know which way the wind blows." -Bob Dylan
My Interests:
baseball, music, tennis, movies, numbers, traveling
Person(s) I'd Like To Meet:
Norm MacDonald
Favorite Restaurants or Foods:
Little Italy Pizzeria in Auburn, AL
Favorite Vacation Spots:
beach and I'm happy
Favorite Sports or Teams:
Red Sox for baseball, Federer for tennis, and whatever team is the underdog for everything else
Favorite Movies:
Scarface, Apocalypse Now, Goodfellas, Gangs of New York, The Departed, Wolf of Wall Street,
Favorite Board Games:
Monopoly, Stratego, Hungry Hungry Hippos
Favorite Video Games:
Oregon Trail
Favorite Music or Musicians:
Bob Dylan, Jimi Hendrix, Led Zeppelin, Lynyrd Skynyrd, Drive-By Truckers, Jason Isbell, Van Halen, Black Crowes
Great Books Read Recently:
all of them
Book Currently Reading:
The Personal MBA

An Interview with dugganwayne

Last updated: 4/30/2014
The Fool:
Did you ever do something as a child that you look back on now and say, 'Wow, I'm lucky even to be alive after that!'
dugganwayne:
Seems like every kid gets into some crazy shenanigans that almost get them killed at some point, haha. Like when I was a rambunctious little boy and somehow managed to contract the Zaire strain of Ebola.
The Fool:
Does ethics or 'socially responsible investing' have a place in your investment approach? How so? How not?
dugganwayne:
I would love to be able to profit off of trades that somehow benefit society as a whole. That's something I will certainly look into... once I make my first million.
The Fool:
What was the most significant discovery of the last century?
dugganwayne:
I'd say it's a tie between antibiotics and Ryan Seacrest.
[Read the full Interview]

My Story

I was born in rural Alabama, but I worked my way through school at MIT. I don't have a degree in finance or math, but I have used the common sense I was born with to achieve a 400% return in the market in the past five years.

How I Invest

I try to buy stocks for a certain price and then sell them at a later date for a higher price. I repeat this approach over and over. Most of the time it seems to work out.