Howard directs all research and investment initiatives at Punch & Associates. Howard honed his investment management skills the old fashioned way: by making a lot of mistakes. Starting his career in the early 80’s at Merrill Lynch in NYC and then as a retail guy in Minneapolis, it was normal practice to call clients with one stock at a time, state the case for owning it and hope for the best. Win, lose or draw, each pick would have to be re-visited with each client (talk about transparency!). The end result was a deep respect for risk, a large dose of humility and a risk-averse investment approach that anticipates what could go wrong before fantasizing about what could go right. After spending nearly 19 years at Merrill Lynch, Howard started Punch & Associates in 2002.
A hopeless research addict and devout student of behavioral finance, Howard actively researches market anomalies and inefficiencies. Howard resides in Eagan, MN with his wife, Julie. He is a Magna Cum Laude graduate of Carleton College, enjoys hockey, golf and believes the Vikings will have the opportunity to lose their 5th Superbowl before he dies.