In this episode, Hall welcomes Albert Meyer, Founder & Chief Investment Officer at Bastiat Capital.
Headquartered in Plano, Texas, and established in 2006, Bastiat Capital is an asset management firm directing a concentrated and conservative large-cap equity portfolio. They apply unparalleled forensic accounting expertise, human insight and rich company-specific research as they seek to outperform the S&P 500 Total Return while mitigating downside risk.
Albert is a veteran investment manager and forensic accountant who received global attention for uncovering one of the largest Ponzi schemes in U.S. history, the “Foundation for New Era Philanthropy”. He published the research report on Tyco that ultimately led to the prosecution and imprisonment of Dennis Kozlowski. He has also uncovered noteworthy accounting irregularities at Enron, Lucent and Coca-Cola. His work on Coca-Cola and eBay became the basis of several Harvard Business School case studies.
Albert launched his career in corporate accounting with Deloitte & Touche, then dedicated 15 years to teaching accounting in academia. In 1996, he began applying his forensic accounting expertise to investment management on a professional basis, first at Martin Capital Management, and later with David Tice & Associates, and with Clark Hunt (current CEO of the Kansas City Chiefs) and the Hunt family office in Dallas, Texas.
In 2002, Albert established an investment research business school named 2nd Opinion Research and in 2005, he received the American Accounting Association’s highest honor, the Accounting Exemplar Award (previously awarded to former SEC commissioner Arthur Levitt), in recognition of his many contributions to the field of accounting.
Albert is a Chartered Accountant (the British Commonwealth equivalent of a CPA) and a Certified Public Accountant. He is a regular contributor to national financial media on investing and accounting topics.
He and his wife Melenie reside in Plano, Texas near their three sons and their spouses, as well as six grandchildren.
Albert shares with Hall what excites him right now in the industry, some of the challenges he sees investors facing in today’s economy, and his company’s thesis. He suggests some immediate opportunities for investors to pursue and those to avoid. Albert concludes the interview with his very detailed opinion on the benefits of the S&P 500 vs. Social Security.
Albert can be contacted via email at email@example.com.
For a full transcript, click here.
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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.