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December 23, 2004

Who is Bill Cara?

Bill Cara is a fiercely independent and objective person, a family man, a global capital markets strategist, a skilled securities trader, and an enemy of those who stand opposed to self-empowerment and social equity. He is a buy-sider who knows that investing in the capital markets is a long and challenging journey, through a landscape dominated by the sell side, where investors and their advisors often need help along the way.

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Yes, I'm probably as qualified in many different aspects of the capital markets as any person you know. But the good news is that I work free for you. Truly, without strings.

Most of what I know about, or see happening in, capital markets has been, or will be, recorded on this web site for the benefit of others, so hopefully you will find it a helpful reference source.

As someone who succeeded in the capital markets, rising to the corner office on the penthouse floor of the Toronto Stock Exchange tower, which I even designed, built, recruited for and trained the staff, and then thirteen years later did it again in Vancouver, I have a lot of high level capital markets experience and expertise to offer you.

While a professional trader of securities in Canada, I most enjoyed my time as a money manager and as a builder of automated decision systems. I've worked offshore and onshore, soon to go offshore again where someday I expect to retire and enjoy the good life there.

I have managed some major broker-dealers, and some smaller ones. And, as I said, I have even built from scratch two successful broker-dealer firms " one of them full-service and one electronic.

I've also worked in disciplines such as securities research (both fundamental and technical), retail sales, institutional sales, and corporate finance.

In corporate finance, I listened to the collapsed dreams of four first-time visitors to my office, led by a Dr. Paul Russo, and eleven days later was toasting, along with three clients and fellow investors, the closing of our $800,000 financing of their start-up called Genesis. At the time I owned over 10 percent of the company. Genesis Microchip (NASDAQ:GNSS) is now, a few short years later, a billion dollar global success.

There have been numerous successes, and failures, because that's the nature of the capital markets and of society. In the market, the firms I've worked for are names I'm sure you know (e.g., RBC, and Morgan Stanley Dean Witter), some you may know (e.g., Canaccord Capital) and a few you don't.

Not only have I taken from the industry, I have given much back.

Because I didn't tolerate the shabby quality of our industry's quote terminal systems at the time, I personally (with the help of three clients) financed the start-up of Star Data, a new quote service that soon took control of about 70% of the market of professional users in Canada. Then I helped organize that company's start-up and early growth-stage affairs and took them public (and as a hugely profitable firm, they were subsequently acquired).

I have also been an expert witness for securities commissions and governments, worked on a government task force to re-organize Canadian unlisted securities markets and made an important presentation in Senate Banking Committee hearings that investigated Canada's financial services industry with a view to fixing it.

In the Far East, to help promote Canada internationally, I gave speeches along with the Senior Trade Commissioner of my country. For many years, I published investment articles in national journals, magazines and via the Internet and given hundreds of free seminars.

Now I just have the time and the interest to write a blog.

Before any of this started, I worked hard to earn two professional accounting designations (CA and CMA, while working for KPMG and then PricewaterhouseCoopers in Toronto) as well as an MBA at McMaster University. By working 7x24 and at night school, I accomplished all three goals in the same year. I also ran the Toronto Chartered Accountants' hockey league during those years.

In undergraduate school at Waterloo Lutheran (Laurier) University, I was awarded the prestigious Wall Street Journal Student Achievement Medal, which was the top Business School award, and was listed second to the University's gold medal at my convocation, which made my parent's proud.

In retrospect, I've worked hard. More than anything, on my journey, I chose the path carefully so I could quench my thirst for knowledge. I love the capital markets.

It is ironic that I have been called ‘the anti-capitalist' because of my strong views against those few persons who obtain absolute power at the top of hierarchical systems. The irony is of course that these hierarchies include communist and socialist governments, international labor unions, organized religion and Big Media, as well as money center banks, large cap corporations and so-called democratic government.

I believe in sovereignty of the individual and in our need to build and rely upon family and social networks in order to improve society and build personal wealth that includes good health and bountiful social capital as well as material wealth.

I believe in the nineteenth century political economist Henry George who wrote:
"In the present social conditions of the civilized world, nothing is clearer than that there is some deep and widespread wrong in the distribution, if not in the production, of wealth. This, it is (our task) to disclose," and I see it as my mission to work toward the improvement of these systems.

As I see it, I am not anti-capitalist, but a libertarian, free-enterprising, neo-capitalist.

And, I believe that I have a lot to offer to the owners of capital.

BCara@BillCara.com

Posted by Posted by Bill Cara on December 23, 2004 02:33:09 PM | Category: Cara re: Cara