๐ฃ๏ธ Investor Talk #8: Adamos Hadjiantoniou
Co-founder - StockOpine
Welcome to Investor Talk โ where we interview successful investors to uncover their journeys, strategies, and the lessons they've learned. Get inspired by real stories and gain valuable insights to sharpen your own investment approach.
Every interview follows the same set of sharp, insightful questions โ such as โWhat is your investment strategy?โ, โWhat are your highest conviction stocks?โ, and โWhatโs the biggest investment mistake youโve made?โ
In this edition, we have the pleasure of interviewing:
Name: Adamos Hadjiantoniou @Stock_Opine
Age: 33
Residence: Cyprus
Invests since: 2014
๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป
My career journey started in 2014 at Deloitte, where I joined the Financial Advisory Services department. Since then, I have taken on diverse roles across different companies. I constructed financial models for debt-to-asset swaps at a bank and served as a Financial Analyst in the Strategy, Planning, and Development department of a technology distributor. Before co-founding StockOpine, I held the position of Chief Operating Officer in an investment holding company.
Throughout my career, I have developed strong analytical and critical thinking skills, which have been pivotal in my investment journey that began in 2014.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ผ๐๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐๐๐ฟ๐ฎ๐๐ฒ๐ด๐?
At StockOpine, our investment strategy centers on a bottom-up fundamental analysis approach. We evaluate stocks that lead their industries, possess strong financials and have a strong competitive position. We are strong advocates of investing in companies that have a durable business model operating in resilient industries. Although we have a long-term investment horizon, price vs intrinsic value always matters to our decision-making process.
I do acknowledge that valuing a company comes with inherent limitations. However, constructing a discounted cash flow (DCF) model enables us to incorporate our narrative into the evaluation process. While this approach may restrict us from selecting the next "100x bagger" opportunity, it also acts as a safeguard against downside risk.
๐๐ผ๐ ๐บ๐ฎ๐ป๐ ๐๐๐ผ๐ฐ๐ธ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐๐ฟ๐ฟ๐ฒ๐ป๐๐น๐ ๐ต๐ฒ๐น๐ฑ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐ฝ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ?
On my personal portfolio I hold more than 25 companies and +5 ETFs, yet under the StockOpine portfolio we hold 18 stocks.
๐ช๐ต๐ถ๐ฐ๐ต ๐๐ฒ๐ฐ๐๐ผ๐ฟ๐ ๐ฑ๐ผ ๐๐ผ๐ ๐บ๐ฎ๐ถ๐ป๐น๐ ๐ณ๐ผ๐ฐ๐๐ ๐ผ๐ป?
I donโt have any sector limitations on my investment choices, however, if a sector or a company seems overly complex and difficult to comprehend thoroughly, I prefer to avoid it.
Mining companies donโt pique my interest while distributors are highly ranked on my watchlist.
๐ช๐ต๐ถ๐ฐ๐ต ๐๐๐ผ๐ฐ๐ธ๐ ๐ฑ๐ผ ๐๐ผ๐ ๐ต๐ฒ๐น๐ฑ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด๐ฒ๐๐ ๐๐ถ๐บ๐ฒ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐ฝ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ?
$GOOGL - Google
$CSCO - Cisco Systems
$SHEL - Shell
I also hold 3 ETFs for a longer period:
$VHYD - Vanguard All-World High Dividend
$CSPX - iShares Core S&P 500
$QDVE - iShares S&P 500 Information Technology Sector
๐ช๐ต๐ถ๐ฐ๐ต ๐๐๐ผ๐ฐ๐ธ ๐ต๐ฎ๐ ๐๐ต๐ฒ ๐ต๐ถ๐ด๐ต๐ฒ๐๐ ๐ฟ๐ฒ๐๐๐ฟ๐ป?
$GOOGL - Google (personal portfolio) with a +195% return.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ฏ๐ถ๐ด๐ด๐ฒ๐๐ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐บ๐ถ๐๐๐ฎ๐ธ๐ฒ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐บ๐ฎ๐ฑ๐ฒ?
Holding on my losers on my personal portfolio. I still hold Alibaba $BABA and Ericsson $ERIC although I could have deployed my cash elsewhere. A victim of the Disposition Effect.
Lessons learned: If you donโt have the time to actively invest you better focus on ETFs, consult a registered advisor or follow investors/analysts that you can trust.
Why do I still hold them? Firstly, I allocate 100% of my time on StockOpine and secondly these positions do not materially impact my wealth so I can live with these.
๐ ๐ ๐ณ๐ฎ๐๐ผ๐ฟ๐ถ๐๐ฒ๐
Favorite book: Common Stocks and Uncommon Profits - Philip A. Fisher
Favorite podcast: Chit Chat Money
Favorite quote: โIf a business does well, the stock eventually follows.โ - Warren Buffet
Favorite FinTwit account: The Investing for Beginners Podcast @IFB_podcast โ Provides comprehensive threads on companies and consistently shares educational content.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ฐ๐ฎ๐ป ๐๐ฒ ๐ณ๐ถ๐ป๐ฑ ๐บ๐ผ๐ฟ๐ฒ ๐ถ๐ป๐ณ๐ผ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ผ๐?
You can read more about myself and StockOpine here: https://stockopine.com/about
My LinkedIn profile can be found here: https://linkedin.com/in/adamos-hadjiantoniou-aca-cfa-8a292b75
Disclaimer:
The information and opinions provided in this article are for informational and educational purposes only and should not be considered as investment advice or a recommendation to buy, sell, or hold any financial product, security, or asset. The Future Investors does not provide personalized investment advice and is not a licensed financial advisor. Always do your own research before making any investment decisions and consult with a qualified financial professional before making any investment decisions. Please consult the general disclaimer for more details.