On May 24th, GTE hosted Dave Edwards for lunch and a discussion about the asset management industry and current market conditions. After receiving his undergraduate degree in economics from Yale University, he went on to work for Highmark Health in their Corporate Development and Strategic Investments department. In this role, Dave helped identify many high-growth companies and the characteristics of a company that make the stock price go up. After getting his MBA from Carnegie Mellon Tepper School of Business, Dave was an Equity Analyst for a Dallas-based Investment Management firm.
Dave provided our intern class with plenty of first-hand knowledge and had a thought-provoking discussion about current market trends, stocks he likes, and what to look for when investing in a stock.
He mentioned that, in many cases, young people have an advantage over older “experts” in the investing world because they’re the first to identify emerging trends. He advised that some of the best investments have a clean balance sheet, revenue that goes up, and the company is able to get the asking price for their products. In the long run, almost all that matters when looking for a good investment is revenue growth and an economic moat that allows the company to protect its market share and profitability. On the other hand, stocks that go down often have financial leverage, operating leverage, and cyclicality.
We thank Dave for taking the time out of his busy schedule to speak with us!