"Shareholder Value, Economic Moats and the Current Market"
Discussed by:
Pat Dorsey, CFA
President, Sanibel Captiva Investment Advisers
Despite fierce competition, some companies manage to deliver high returns of capital for many years running by creating “economic moats,” structural competitive advantages. Surprisingly, the common stocks of companies with moats are frequently mispriced by supposedly efficient securities markets, creating opportunities for patient investors. Pat Dorsey will discuss how to identify these value-compounding businesses, as well as how to assess their management teams. Finally, he will offer some thoughts on the current market—where to look for opportunities and what to avoid.
| Attend This Meeting and Learn... |
 | How companies create structural competitive advantages |
 | Why competitive advantage matters to investors
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 | How to assess corporate managers’ ability to create (or destroy) competitive advantages
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How To Become A ‘Risk-Wise’ Investor
Discussed by:
Michael T. Carpenter
Principal, Carpenter Associates
Michael Carpenter will focus on his “Risk-Wise” method, a non-technical, practical and easy approach to investing. The “Risk-Wise” method is designed to reduce the anxiety associated with investing by eliminating the mystery of managing risk. By utilizing this basic foundation, you’ll be able to understand and more effectively manage the uncertainties, rapid change, and risks of our increasingly less certain world. In fact, following this presentation, you’ll never look at risk and risk management the same way again.
| Attend This Meeting and Learn... |
 | How to understand and demystify risk and risk management |
 | How to reduce both the likelihood and impact of painful negative surprises
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 | How to easily determine which risks to avoid, which to accept and manage, and which to accept outright
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