After five years of college work in Physics and Mathematics, Dr. Felt changed his focus to Theology and Biblical Studies (for personal rather than professional reasons).  For the next three years he maintained a "full-time" course load in those studies.  However, he simultaneously took enough extra courses in English/Literature to graduate with a Bachelor’s degree in English.  He obtained his Master's degree in English one year later.  Then he was accepted into a Master's program that combined Systems Engineering, Statistics, and Probability Theory.  A year later he began his Doctoral studies in English at the University of California.  After he had completed all the course requirements for the Doctorate in English, his father died and all academic pursuits were abandoned.  Several years later, he commenced other studies that led to his obtaining a Doctorate in Management.  While working at the doctoral level in Management, he did additional work in statistical analysis.  Also, because he had obtained the highest scores possible on the WAIS (taken to qualify for membership in MENSA), he was granted a unique waiver of university policy regarding the maximum course load a student is allowed to take.  The waiver granted him permission to be the only student in the university's history to be enrolled in two unrelated graduate programs of study simultaneously (with the proviso that he also satisfy certain undergraduate requirements in the second field).  By the time he obtained his Doctorate in Management, he had also completed all undergraduate requirements and approximately half the graduate requirements for a Master’s degree in Clinical Psychology.  In both programs his grade average was 4.0, the highest in his Doctoral class.

During most of the years of his graduate studies Dr. Felt also operated his own business, teaching advanced reading skills at four Christian colleges in southern California, and conducting special classes for various Christian organizations.

General history of securities-related experience.
Dr. Felt began his study of security trading patterns (emphasizing the “point-and-figure” method and outcome probabilities associated with various patterns) when he was in his early 20's.  He became a professional in the financial services industry in 1985.  He did his basic brokerage training at Merrill Lynch and achieved perfect scores on the “Series 7” in the areas of “Portfolio Analysis” and “Investment Strategies.”  At Merrill Lynch he became the “Mutual Fund Coordinator.”  A few years later, he was recruited by Bateman Eichler, Hill Richards (Everen Securities) to finish the development of a stock-trading system and to use it in managing a pooled account.  He then founded Asset Management Systems and continued his work on the development, analysis, and evaluation of investment disciplines and strategies.  He used multivariate analysis to test the profitability of more than 50,000 investment strategies.  He then used the results of his analyses to design high total-return strategies.  He managed portfolios, created investment disciplines, created the publication originally known as Value Indicator (now called The Valuator), and also created what was originally a 70-page weekly publication known as StockAlerts (our present StockAlerts subscription service is a derivation and subset of this no longer available publication).  Later, he founded Stock Disciplines, LLC.  

Work and licenses for the five years before becoming principal officer of Stock Disciplines. 
Though Dr. Felt has held various licenses as an investment professional, during the five years immediately before becoming the principal officer of this company, Dr. Felt held a “Series 7” General Securities license and was registered with the NASD.  He also held a “Series 24” license issued by the NASD.  A “Series 7” will qualify a person to be a “Registered Representative” or “Investment Broker,” and is the license held by the more qualified “brokers” at major brokerage houses.  This license is a prerequisite to sitting for the “Series 24” exam, which requires knowledge beyond that needed for a “Series 7.”  The “Series 24” license is required for those who supervise other brokers (securities regulations stipulate that every Broker/Dealer firm must have at least one individual who is licensed as a "General Securities Principal").  Having both a “Series 7” and a “Series 24,” Dr. Felt had the NASD designation “General Securities Principal” (it should be noted that registration and licensing by the State of California, the SEC, or the NASD does not represent a mark of approval or endorsement by these regulatory bodies, but that certain standards of knowledge and other requirements have been satisfied).  During this entire time, Dr. Felt was affiliated with Titan Value Equities Group, Inc. as a Registered Representative, a Registered Principal, an Advisory Associate, and as the manager of an Office of Supervisory Jurisdiction.  Dr. Felt has also conducted investment strategy seminars and tutorials for investors and brokers.  

Other Affiliations.
Biola University in La Mirada, Asset Management Systems located in Costa Mesa and Newport Beach, and Felt Enterprises with primary locations in Oceanside and Carlsbad in California, USA.

Articles Published.
To see a few articles written by Dr. Felt, click on Articles.

If you know or have met any person associated with this Web site, or if you know or have ever met Winton, Wendy, Anthony, Larry, or Gail, we have a message for you.  Read The Message 

For more on Dr. Felt's strategy testing and why he stopped managing money for others, see question #10 after clicking on Leaving the advisory business.

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