Core Insights - The article discusses the author's background in value investing and experience in private credit and commercial real estate (CRE) mezzanine financing, highlighting a focus on classical value ratios for portfolio selection [1] Group 1: Author's Background - The author has a full-time commitment to value investing and writing, with a previous career in private credit and CRE mezzanine financing for a family office [1] - The author is fluent in Mandarin and has experience as a court interpreter, indicating strong communication skills in business and legal settings [1] - The author has collaborated with prominent CRE developers such as The Witkoff Group, Kushner Companies, Durst Organization, and Fortress Investment Group, showcasing a robust professional network in the industry [1]

Group 1 - The article discusses a value investing approach focusing on classical value ratios such as low P/B, P/FCF, Owner Earnings discounting, PEG ratios, and the Graham Number [1] - It emphasizes the importance of tracking earnings growth versus price appreciation as a key element in evaluating investment quality [1] - The author advocates for self-indexing using the Dow Jones Industrial Average combined with Joel Greenblatt's Magic Formula for tax efficiency [1] Group 2 - The author has a background in private credit and CRE mezzanine financing, having worked with notable developers like The Witkoff Group and Fortress Investment Group [1] - The author is fluent in Mandarin and has experience working in China and Asia, which may provide insights into those markets [1]