2/11/2018 0 Comments New BeginningsThese past weeks have been extremely eventful for me. After a few meetings with my school administrators, I was finally given approval to start my mentorship at Venable Royalty, Ltd. under Mr. Patrick Van Ooteghem and Mr. Richard Rogers.
Venable Royalty, Ltd. is a Dallas-based oil and gas royalty company located in downtown Dallas. I will be working with both my mentors and their team of interns to find public investing opportunities for the company. The company makes investments using value investing, which means that they use some form of a discount cash flow statement. In this day and age, it is incredibly difficult to find true value investors because the interest rate is so low that many companies are either overvalued or accurately valued, so I am very lucky that I have found a company like Venable that is willing to work with me. My first day at my mentor’s office was one of the best days that I have had all year. I had always dreamed of the life of a value investor where we simply get to read all day and learn as much as we can about anything that I am interested in, and I am glad to say that Venable allows their interns to do just that. Mr. Van Ooteghem assigned me to read some select passages out of the iconic book The Intelligent Investor by Benjamin Graham, Warren Buffett’s former mentor, for the entire day. Although I made significant progress on the chapters, I was ultimately sidetracked by Integer Holdings, a company that creates medical tools. I had seen the company somewhere recently, and decided to take a deeper look into it. At first glance of its Value Line report, it seemed like a company that is very similar to my own style of investing, so I decided to conduct a basic valuation on integer using the discount cash flow model that Mr. Van Ooteghem walked me through during our first mentor visit. I should have both of these assignments done by next Tuesday, February 20th. Overall, these two weeks have been some of the most exciting weeks that I have had in ISM so far and I am glad to be starting a new journey with two new, supportive mentors and the group of extremely talented interns at Venable.
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