LOS ANGELES, Jan. 21, 2015 /PRNewswire/ -- On January 7, 2015, attendees gave very high marks to "Why Bruce Lee Would Have Been great in Finance," a program held by CFA Society Los Angeles (CFALA), co-sponsored by Valens Credit and presented by Professor Joel Litman. The discussion compared the techniques of the greatest investors with the zen-like philosophy of martial arts.
Victor Wood, CFA, Co-chair of the Program for CFALA, said, "Litman provided an impassioned presentation to CFA Society Los Angeles about using credit analysis for equity valuation. He cited specific GAAP rules as 'nonsense…'", referencing their impact on credit analysis.
CFALA Program Chair, Frank Spindler added, "Joel Litman did a great job tying in the epic skills and mindset of a genius martial artist to those of a superior investor, keeping our audience intrigued throughout the presentation."
CFALA Head of Communications, Armin Mahramzadeh, commented, "I think the audience was surprised at how content-rich the program was. The topics were very relevant to the CFA topics of study and investing today."
Rod Teeple, MD at Pelican Creek Capital said, "There are few banks or research firms that analyze credit and equity together with such detail. I think those insights really got attention from the investors."
The discussion included a historical look at market cycles of the past 150 years, noting the repeating patterns of investing styles that work best for each economic environment. It also included a summary of unique indicators such as a quantitative "management confidence aggregate" and credit-for-equity signals that help to identify the specific cycle to put performance and valuation measures into context.
Program materials are available to those who could not attend, by contacting Ira Keller.
About Valens Credit Valens Credit is an independent boutique credit research firm with nearly 100 staff. The company employs forensic accounting in its research and is focused on helping clients achieve superior risk-adjusted returns. The company also performs training programs for clients on credit analysis and investment strategy. https://www.valens-credit.com/about-us/our-firm
About CFA Society Los Angeles CFA Society Los Angeles promotes integrity, professional excellence and engagement among its members and within its community. It is a resource that's consulted by investors, journalists, academics and others seeking its members' expertise and leadership in Finance. http://www.cfala.org/i4a/pages/index.cfm?pageid=3600