In 1995, together with Daniel Obrycki, Mr. Resendes developed the Economic Margin framework to measure a firm’s economic, rather than as-reported accounting performance, and directly link corporate performance to valuation. Resendes graduated from The University of California, Berkeley with a Bachelor of Science in Finance and Economic Analysis. Resendes went on to earn his MBA from the University of Chicago. Resendes is also a member of the Phi Beta Kappa Society. Prior to co-founding Applied Finance, Mr. Resendes was a member of the Chicago Board of Trade and served as director of research for HOLT Value Associates. In 2003 Resendes began serving on the CFA Institute’s Speaker Retainer Program speaking to over 45 Financial Analyst Societies in 12 countries. Resendes has also served as a guest speaker for various equity valuation seminars, National Investor Relations Institute and served as a Professor at DePaul University in Chicago.

Mr. Paul Blinn, portfolio manager, joined Applied Finance as a founding member in 2006 and has served as principal of Toreador Research & Trading LLC since that time. Mr. Blinn has over 25 years of capital market experience. Mr. Blinn’s background includes experience as an Executive Director at UBS, a global financial firm, and its predecessor entities from 1985 to 2000, as a Vice President of a leading option market maker, and a Senior Equity derivatives trader for a hedge fund from 2000 to 2005. Mr. Blinn graduated with honors from The University of Texas at Austin with a BBA in Finance.