  I'm sure many will read my initial blog and gasp when they see that I intend to create a corporation that one day might reach a market value of a billion dollars or more. I do not remember exactly from where this quote originated...but it had a profound meaning to me.... "It is our responsibility as men and women to proceed as though limits to our abilities do not exist. We are collaborators in creation" Magellan Capital Enterprises is a start up investment company that will be modeled after Warren Buffett's Berkshire Hathaway and perhaps also a bit like Joe Steinberg's and Ian Cumming's Leucadia National Corp. Some call these models 'investment banks' or 'diversified holding companies'. You might also refer to them as conglomerates. Like berkshire..we will start obtaining assets and deriving revenues from equity trading.
At some point in our bright future...we might consider other more tangiable assets such as real estate and/or the purchase of certain businesses outright via privately negotiated purchase. Our capital will need to be infinitely more impressive to enter these arenas. For now we will work with mosquitoes..and save the elephants for later. I believe that it takes the same amount of energy to think big as it does to think small..which is why I prefer to think and dream big! Every great achievement had its origins as an idea in the mind of someone with a vision of success. The bible says that any man without a vision shall surely perish.
I believe in myself and my ideas and I cannot ever imagine existing or living without big dreams and goals. What kind of life would that be...just going through the motions day after day? I don't even want to consider that kind of existence. What are your goals and dreams my friends? Many might scoff at my bold goals for Magellan Capital Enterprises in light of our very meager beginnings.....but I am not one to let anyone else steal my dreams. I'll forge ahead with a positive attitude...in the face of any and all criticism and doubt.
Nothing will stop me! I will never quit! It's going to work because I'm going to make it work! We will see solutions where others see problems....progressively moving forward one brick at a time..with a positve proactive attitude. Besides...why can't I do it? If not me then who?
If not now then when? As you see in the previous blog...Magellan is in need of more capital. MUCH MORE! I will be adding funds in the coming days and weeks. I also have an employee sponsored 403b retirement plan that I might consider accessing for additional capital. At some point we will need to get involved in a few opportunistic equity trades to begin putting our capital to work for us(but only when the time is right and when odds better favor us) and in so doing, creating revenue streams both realized and unrealized.
At some point very soon, I am going to begin talking more about my philosophy and approach to investing in the markets. I can tell you that I have advanced my education in this area based on the study of investors like Warren Buffett, Peter Lynch, Benjamin Graham, Charles Munger, William O'Neil, and speculators such as Jesse Livermore and Nicolas Darvas amongst others. I have developed somewhat of a hybrid approach to my investment operations. At times I may adhere to a value system like Buffett and Graham, other times growth like O'Neil. On some occasions we may even venture into short selling or perhaps arbitrage when those opportunities present themselves favorably. Further, on some occasions our operatiions will be based purely on fundamental analysis...and at other times we will rely on technical analysis and chart pattern recognition.
Perhaps a combination of the two will be in order in many instances. No matter, the idea is simply to achieve the highest after tax return on your investment operations. That is the goal of all speculators and investors. Do not be mislead...we all want the same thing. I have found that many of the different philosophies each have many valid ideas. I have tried to learn from all of them.
I am a latticework of many different approaches and philosophies.....a hybrid investor/speculator if you will. William O'Neal's 'Can Slim' growth investment modeling system has great appeal to me. I have studied this sytem insatiably through O'Neil's book 'How To Make Money In Stocks'. I have read this book not fewer than five occasions. I like this system and will surely put many of these ideas to work for us. Much of the Can Slim formula comes from the teachings of the late great speculator Jesse Livermore.
Livermore sold short the entire market just before the great crash of 1929 and reportedly made over $100,000,000 in a single day. That was a lot of money in 1929! Heck..that's still alot of money even now..over 70 years later. William O'Neil, besides authoring the book mentioned above, founded Investor's Business Daily(a daily investor's publication in direct competition with the Wall Street Journal)...and the institutional research firm William J. O'Neil & Co. Several decades ago, Mr. O'Neil managed to turn $5,000 into over $200,000 in rather short order and then used those proceeds to found his own company and also to purchase a seat on the New York Stock Exchange. Mr. O'Neil credits his success to his Can Slim investing model that he created through many trials and tribulations on Wall Street.. Can Slim is an acronym...and each letter in the Can Slim acronym stands for a certain trait that all the big stock market winners had before they made their towering advances. The Can Slim acronym is based on an exhaustive study of the greatest stock market winners of the past 50 years.
I will explain the meaning of each letter in the acronym in a coming blog. Here is a link that explains it if you choose not to wait... http://www.canslim.net/what.htm I will say this...and many astute traders will find it strange to consider...but I find it amazing that many of the Warren Buffett principles that I greatly admire...will carry over and work well within the CanSlim approach. This is one I must explain at some point very soon....because surely any experienced trader or speculator reading this will surely be left scratching his head. Let me just say that I totally understand why you would be left confused on that thought. I will get much more specific and detailed about all this in future blogs. In time, we will understand each other very well.
It is just not possible to sort it all out in a single blog entry. I hope that I can develop relationships through my blogging. I hope that a few of you out there reading this will see the vision that I am putting forth..and at some point you might even consider partnering with Magellan Capital Enterprises. I will at some point(not now) be seeking a few founding partners to help our venture move to more advanced levels. I will not be able to do this alone. Please shoot me e-mails at kevinpickell@lycos.com Current funds available.... in brokerage account: $722.29 other funds: $36.00 Magellan's total assets: $758.29 More funds coming very soon!!!
Keep growing, Kevin Pickell 
