Joseph Parnes was born on November 23,1946 and is an American businessperson and registered investment advisor notable for his involvement in short selling.
13 Facts About Joseph Parnes
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Joseph Parnes is president of Technomart Investment Advisors and editor of the market letter Shortex.
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Joseph Parnes's investment strategy is known to be contrarian in nature and is a regular contributor to Forbes and Futures Magazine.
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Joseph Parnes then emigrated to the US to study electrical engineering at the University of Louisiana at Lafayette.
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In 1979, Joseph Parnes founded Technomart Investment Advisors, which develops custom accounts for both individual and institutional investors.
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Joseph Parnes created Shortex, a market letter which selects seven long and seven short positions.
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Joseph Parnes is currently president of the firm, directing all research, analysis, and corporate strategy.
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Joseph Parnes is responsible for supplying the firm's private and institutional clients with actionable investment advice.
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Joseph Parnes has experience across a broad array of industries, with a special focus on growth companies.
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Joseph Parnes' focus on short-selling has led to recent controversy with companies such as American Home Mortgage and Hansen Natural for his public declaration with the CEO on Bloomberg TV of impending devaluation.
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Joseph Parnes was highlighted in the "Baltimore Business Journal" for not losing money in 2008.
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Joseph Parnes has been featured regularly in media including Barron's, Investor's Business Daily, Futures Magazine, Forbes, Bloomberg, CNBC, and formerly the Nightly Business Report.
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In 2020 Joseph Parnes released his first book, Short Selling for the Long Term.