Our Team
We are located in the Greater Boston Area. Our team of in-house analysts performs all investment research independently.
Our Team Approach
Delphi has always prided itself on recruiting analysts from a diverse range of academic and professional backgrounds. What we value above all is people with a passion for for constant learning and expanding their knowledge. The ability to draw on our team’s different perspectives and areas of understanding furthers our mission of finding high quality businesses at value prices wherever they are.
Strong In-House Research solid Results
“There’s an old adage…attributed to Warren Buffett, which says anyone who could pick the market, you’d love to be his broker, but not his partner…
My point is that when you try to pick the market based upon rational assumptions, it seems like you are always wrong. It is better to stay fully invested by buying good businesses that are statistically cheap and forgetting about the market overall.”
Scott Black
Barron’s Rountable ‘98
January 19, 1998
At Delphi, we don’t attempt to predict market movements. Our focus is solely on identifying investments that meet two criteria: they are excellent businesses and they are available at a value price. Our dedicated in-house research team meticulously analyzes each investment to ensure we make informed decisions based on fundamental value rather than market trends.
Founder and President of Delphi Management, Inc., Mr. Black has over forty years of financial and general management experience beginning with corporate finance and international treasury positions at Xerox Corporation and Joseph E. Seagram. At Merrill Lynch he worked initially in the Market Planning Department of the brokerage entity until becoming head of Corporate Development responsible for the holding Company’s diversification activities. His first entrepreneurial venture, restructuring the William O’Neil Company in 1978, was followed in 1979 by managing equities for Sunkist Growers, Delphi Management’s original account. Mr. Black’s education includes a BA from Johns Hopkins University in Applied Mathematics and Economics. He earned an MBA in Finance at the Harvard Business School in 1971 after completing his U.S. Army active service obligation at Fort Ord, California. Mr. Black has guest lectured on investments and corporate finance at the Harvard Business School, MIT Sloan School of Management, and Stanford University Graduate School of Business. He has been featured in Fortune Magazine, Business Week, Forbes, The Institutional Investor, Barron’s and the Wall Street Journal, has appeared on CNN, CNBC, Fox Business Channel, Wall Street Week, and has participated annually in the Barron’s Roundtable between 1998 and 2012. In May 2010, Mr. Black inaugurated the new two-hour segment “Market Laboratory” on Bloomberg Television as its first guest host. Among his civic activities, Mr. Black serves on the advisory boards at the John F. Kennedy School of Government at Harvard, Northeastern University, the Museum of Fine Arts (Boston), and the Portland Museum of Art. Mr. Black was named a lifetime Fellow of Harvard University in 2000 and received the Johns Hopkins distinguished alumni award in 2008.
Colin is an equity research analyst at Delphi. His preferred areas of interest are
homebuilders and small banks. In addition to research duties, Colin runs the order management
system at Delphi.
Prior to joining the team, Colin worked as an assistant support engineer at the Rowland
Institute in Cambridge, Ma. He graduated with a degree in mechanical engineering from Boston
University in 2012.
Colin lives outside of Boston with his wife and daughter and enjoys fishing and soccer in
his spare time.
