Meet Kai Petainen

In my book, The Warren Buffetts Next Door, I call Kai The Scorcerer’s Apprentice because he has managed to become a master investor working as the manager of a computer lab at a prestigious business school. Kai has no fancy degrees but rather he is a self-taught quant, who has developed his own winning stock screening formula incorporating the theories he has learned on the job. Like a magpie, Kai has cobbled his strategy together listening and learning from others. He has nine portfolios on, and as of March 31, 2010 every single one had long term performance records better than their relevant benchmark indexes. In this video he recently filmed near his home town of Sault Ste. Marie Kai explains his approach.

One Response to “Meet Kai Petainen”

  1. Liisa says:

    From the time Kai was a little boy, he has always had a passion for adventure and for learning. As his little sister, I can say that he loves what he does, listens attentively to people and what they have to say…and loves his family. It’s very true, when he says, “money isn’t everything”. Growing up, we didn’t have riches… but we had a loving and nurturing family. Dad would be proud of you Kai…and your little sister is very proud of you today! Congratulations on following your dreams and I wish you continued success in everything that you set out to do! You have been and continue to be an excellent role model in my life. You have taught me how important it is to set your priorities in life… and how not to get caught up in one’s career. To this day, I am in awe of your dedication to helping your students, and sharing your strategies with others. You haven’t taught me a thing about stocks (way over my head), even though you have tried… but I have listened enough to know that you are simply One of a Kind. The Very Best Kind. Love you Kai…… your little sis Liisa