Ryan Hamilton talked about his stock screening process and the importance of learning Python or R to improve automation of the investment research process
Ryan Hamilton was the last guest speaker to visit the AIM program in Spring 2021 semester and he shared a reading list with the students
|Ryan Hamilton of Morgan Dempsey|
On Friday, April 24, 2020, Ryan Hamilton, Vice President / Portfolio Manager of Morgan Dempsey was the virtual guest speaker in the AIM program.
Dr. David Krause, AIM director, commented on Ryan’s visit, “Ryan is a great Friend of AIM and has been generous with his time. He is a frequent on-campus guest speaker and today he did an excellent job connecting with the students via Microsoft Teams. We always appreciate his straight-forward approach to stock research and his support of the CFA Institute and local CFA Society of Milwaukee.”
Ryan Hamilton joined Morgan Dempsey in May 2014, and prior to joining the firm he was a portfolio manager, research analyst and trader with Voit & Hamilton. He joined Morgan Dempsey with over 12 years of experience in securities analysis, portfolio management and trading.
|Ryan Hamilton's visit in 2019 to AIM|
Ryan is a CFA candidate, a former United States Marine, a combat veteran, and an Eagle Scout. His primary role at Morgan Dempsey is as a Portfolio Manager on the Small/Micro Cap Value team.
Krause continued, “Ryan talked about the importance of automating his processes and become a master of Excel and knowing enough programming to be able to automate his data collection, wrangling and statistical processes. I think he did a superb job of giving the AIM students the rationale for becoming more proficient with coding and understanding data analytics.”
“Ryan also provided the students with the following reading list, which was appreciated by all,” Krause said. “Over the past two weeks in AIM we’ve had four different class meetings where the students were exposed to practitioners who utilize programming, data analystics and blockchain technology. I think they received a good dose of FinTech to conclude the semester.”
RYAN HAMILTON’S RECOMMENDED READING LIST (Updated 4/24/2020)
* Achelis, Steven B. (2001), Technical Analysis From A to Z, New York, McGraw-Hill
(great reference for almost everything on technical analysis, good reference for the non-believer).
Ellis, Charles D. and James R. Vertin (ed) (1989). Classics: An Investor’s Anthology Homewood, IL: Business One Irwin. (short stories, places the reality of investment management in historical context, non textbook, easy and interest reading for summer)
Dreman, David (1998). Contrarian Investment Strategies: The Next Generation:
Beat the Market by Going Against the Crowd. Simon & Schuster
Fisher, Phillip A. (1958). Common Stocks and Uncommon Profits. New York: John Wiley & Sons, Inc.
(simple but concise summary of company analysis)
Gordon, Robert (2005-06). Macroeconomics. Addison-Wesley, 10th edition.
Graham, Benjamin and David Dodd (1934). Security Analysis (pp. 451-460). New York: McGraw Hill. (textbook orientation)
* Graham, Benjamin. (Revised Edition, 2003 by Jason Zweig Harper Business Essentials, based on the 1973 edition). The Intelligent Investor. New York: Harper & Row.
(great review of past Graham’s investing experience. Basic common sense advice on stock selection and portfolio management. Good book for the value or growth investor).
* Lehmann, Michael B. (2000). The Irwin Guide to Using the Wall Street Journal, McGraw-Hill
(Title is a bit misinterpreted. This the most hands-on book covering the business cycle and does so within historical context. A necessary reference for the non-economist.)
* Lefevre, Edwin (1923). Reminiscences of a Stock Operator, New York: John Wiley & Sons, Inc
(easy read, about the experiences of one of the most successful traders/speculators of all time, Jesse Livermore. Takes place in the early part of the 1900’s.)
Livermore. How to Trade in Stocks
Brock: Grain Trading (probably too expensive to buy)
Lindert, Peter H. and Thomas A. Pugel, International Economics, McGraw-Hill/Irwin.
(well written text on International Economics, some economics background will help).
* Neff, John (1999). John Neff on Investing, New York: John Wiley & Sons, Inc.
(simple, easy read. Neff managed the Vanguard Windsor fund from 1964-1995, proponent of PEG style of investing).
* Nofsinger, John R. (2005). The Psychology of Investing, New Jersey: Pearson-Prentice Hall.
(excellent application of psychology to the decision making process of investing, required for CFA).
Reilly, Frank K., Keith C. Brown (2003). Investment Analysis and Portfolio Management
7th , 8th, or 9th editions, Dryden Press.
*Schwager, Jack (1989, 2008), Market Wizards Collins Business and The New Market Wizards, John Wiley & Sons. Format of the books is based on interviews of successful traders and investors. Author is an experienced trader himself and knows how to ask the right questions of those investors and traders he interviews. Easy read and a must read for serious investor.
Train, John (2000). The Money Masters. New York: Harper Business
(although the author is a bit conceited, the book has substance as far as stock screening information)
Zweig, Martin. (1997). Martin Zweig’s Winning on Wall Street, New York: Warner Books. (not very useful for today, but interesting)
Being Right and Making Money: Lewis
Lewis, Michael: The Big Short
O'Shaughnessy: What Works on Wall Street (latest edition)
Rappaport, Alfred: Expectations Investing: Reading Stock Prices for Better Returns
Dreman, David: Contrarian Investment Strategies: The Psychological Edge
Freeman-Shor, Lee: The Art of Execution: How the world's best investors get it wrong and still make millions
Gramm, Jeff: Dear Chairman: Boardroom Battles and the Rise of Shareholder Activism