Victor uses a true value investing approach. Consider a few of the key ideas that he follows:
"Every equity position is an investment in a business. Understand the business, the financials, the management, the industry, and the competition. In short, leave nothing to chance."
"Maintain an agnostic point of view toward market capitalization. Opportunities present themselves across all market segments."
"Diversification is not risk management, but don't over bet. We are comfortable, especially in this environment, with 15 to 20 long positions and 5 to 8 short positions."
Victor's presentation also focused on the concept that the world is hitting a peak level of oil production which is occurring at the same time that demand from Asia climbs relentlessly. I personally think that the oil prices going forward are virtually certain to continue to climb in the decade ahead (with cycles along the way).
Here is how Victor has positioned his portfolio to take advantage of this:
*Long (approx 70% of Porfolio Currently Long)
ATP Oil & Gas
Contango Oil & Gas (MCF)
*Short (approx 25% of Portfolio Currently Short)
>Victor might be someone to pay attention to. His annualized returns since 1999 are 26% net of fees.