Roy Sebag
| Roy Sebag | |
|---|---|
| Born |
Roy Sebag June 28, 1985 |
| Residence | Toronto, Ontario, Canada |
| Occupation | Entrepreneur, Investor |
| Years active | 2015–present |
| Known for | GoldMoney Inc, BitGold, Menē |
| Salary | Goldmoney Inc. $1 (2016) |
Roy Sebag (born June 28, 1985) is a contrarian investor, entrepreneur, and writer. In 2014, Sebag founded GoldMoney Inc and currently serves as the Chief Executive Officer. GoldMoney Inc is a gold savings/payments company publicly listed on the . He is also the Founder, Chief Executive Officer, and 53% owner of Natural Resource Holdings, Ltd. a publicly traded company on the Tel Aviv Stock Exchange. In 2016, Sebag along with Diana Widmaier Picasso founded Menē - which designs, manufactures, and markets 24 karat gold jewelry that is retailed direct-to-consumer through a transparent and empowering online shopping experience.
According to Robert J. Moriarty, who met Sebag on a tour of a company they had both invested in, Sebag showed promise as an investor from a very young age and is an autodidact.
Sebag describes his investment style as mix of contrarian value investing modeled after the late Benjamin Graham in his book The Intelligent Investor and the identification of asymmetry in the risk/reward dynamics of a potential investment. Sebag believes that financial events described in the black swan theory are not as rare as financial models predict.
On July 23, 2007, Sebag authored a letter entitled "Reality Approaching" where he discussed the housing bubble: "I feel that in the coming years reality will set in and the huge overhang of debt will become a burden on the global economy. I am not entirely sure as to how the economy will fare out of this cycle but I believe that it will be a long time before valuations are attractive again and our portfolio is positioned accordingly."
In March 2008, Sebag through Essentia Equity, provided seed financing to PPDai, a Chinese peer lending network. On November 15, 2013, PPDai closed received a $35 million investment from Alibaba Group.
In June and July 2010, Sebag through Natural Resource Holdings, invested in British Petroleum. His investment thesis was predicated on the long-term financial opportunity present in BP shares due to the Deepwater Horizon Oil Spill that occurred between 20 April 2010, and 19 September 2010.
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