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I have lived in Austin, Texas, since 1992. I have been married to Beth for 33 years and we have two grown sons.
I earned a masters of electrical engineering degree from Rice University in Houston, Texas, and am a Certified Public Accountant. I have lectured at the University of Texas McCombs Business School in their MBA program and am currently lecturing in the undergraduate program, "Business Process Excellence."
I have spent my career as chief executive officer, president, or chief financial officer of publicly- and privately-held companies. I am currently consulting with companies requiring turn around and/or restructuring.
In my mid 20s I became concerned about economics, which led to two attempts to understand the way things work:
Educating myself in economics and finance. I became convinced that Nixon was going to devalue the dollar, and after reading "How You Can Profit From The Coming Devaluation" literally sent my life savings to Switzerland to buy francs (it was very difficult to do foreign exchange transactions and of course there was no internet). The bad news is that the check was literally in the mail on the day of devaluation.
Educating myself in technical analysis. Technical analysis may be the "engineers' disease" and I caught it. I read all the books, bought all the software, and attended all the seminars. I am a Turtle (or at least I took the course), I learned from Larry Williams, Jake Bernstein, and the ever-fascinating Kent Calhoun, among others. I am a Delta Director, and I have both Trade Station and Advanced GET. In addition, I analyzed the hell out of the markets with my computers at work, and eventually at home.
Learning markets is expensive, and I paid my dues, ultimately developing an approach that incorporates what works and ignoring what doesn't work. More about my approach to markets here.
From my studies, I thought that the market should make a major top in 1995 and began an email commentary on the markets, primarily to force myself to be thorough, complete and crisp in my thoughts. That journey is described here.
Even though I predicted financial and economic crisis as early as 1998 and 2000 and even though I understood the likelihood that politicians would make matters worse, I could not have been cynical enough to anticipate the current crisis and the way politicians are addressing it.
Out of crisis comes financial opportunity, and it is my purpose to give you my thoughts on the economy and the markets in order to provide an input to your thought processes.
I consider this a dialog and not a monologue. I would appreciate your questions and criticisms. I will answer all emails.