Interview Highlights: Joan E. Lappin of Gramercy Capital Management Corp on Investing Strategies

August 19, 2016

Joan E. Lappin discusses Gramercy Capital Management Corp. Mrs. Lappin believes that investing is an art and not simply a science based on algorithms. In her view, the primary problem with algorithms is that they are based on the past and don’t take changing circumstances into account. Overall, she thinks that future earnings drive stock prices. Mrs. Lappin considers herself a contrarian, and her approach is to wade into controversy. This allows her to find opportunities in companies that others want to avoid. She also looks at a company’s debt level and advises investors to stick to companies that have little to no debt.

Full interview available here.