We believe an accurate assessment of management’s capabilities should rely less on what they say and focus instead on what they have done and continue to do ... READ MORE +
“Investing requires diligence. We take time to really understand each company.”
Why we don't talk to company management.
We are not looking for short-term outlooks or positive spins. Here's what we look for... Ask UsRich Vitale
Head Trader
20
YEARS AT
OLSTEIN
OLSTEIN
32
YEARS EXPERIENCE
Rich Vitale manages our trading operations with a long-term mindset on value investments.
As Head Trader, Rich works closely with our portfolio management team to minimize risk and seek best execution of trades. His strong networking capabilities and collaborative spirit have played a pivotal role throughout his career. Richard previously served as Options and Equity Trader for OTA LLC, a leading trading and research firm exclusively serving institutional investors. Also at OTA, he was Trade Floor Assistant and Internal Financial Analyst, responsible for monitoring trading operation profitability. Prior to that, Richard served as a Financial/Budget Analyst at TRW.
Rich earned a B.A. in Accounting from Rutgers University. His licenses include: Series 7 (Stocks, Bonds), Series 55 (Trading), and Series 63 (State Laws).
Recent Insights
Before making a decision to invest, it is imperative to look for specific financial, competitive and structural characteristics that signal that the problems are temporary. READ MORE +
It is an investment analyst's job to determine the economic realism of management's assumptions and to eliminate management biases by making the appropriate adjustments to reported earnings data. READ MORE +
A careful reading of the letter not only focuses on what management chooses to emphasize but also what management chooses to omit or minimize. READ MORE +
Only traders and speculators should be concerned about short-term stock price movements measured in months, days, or hours. READ MORE +
Comparing depreciation schedules to economic reality is a must for any investor when analyzing financial statements. READ MORE +
As a result of this emphasis on avoiding short-term volatility, investors have become more focused on short-term price movements. READ MORE +
We read for "heat," looking for subtle phrases or trigger words that, in our experience, may signal a significant change in an industry or company that could unlock or create significant long-term value for shareholders. READ MORE +