President & CEO of Valens Research,
Chair of UAFRS Council
Joel Litman is President and CEO of Valens Research, a global corporate performance and investment research and analytics firm. In the role of Chief Investment Strategist, he advises institutional investors in equities, corporate credit, and macroeconomic strategy. He is also a member of the Board of Directors of COL Financial Group, a leading brokerage firm in Asia (PSE:COL).
Litman has been on CNBC, quoted in Barron’s and Institutional Investor, and interviewed in Forbes.com. He has published in Harvard Business Review, is a top contributor to SeekingAlpha, and co-authored the highly-acclaimed book, DRIVEN: Business Strategy, Human Actions, and the Creation of Wealth.
Litman has taught or guest-lectured at Harvard Business School, U Chicago Booth, Wharton, LBS, SAIF Jiao Tong, and others. He is a Professor at Hult International Business School, an FT and Economist top-ranked international MBA program. He conducts seminars regularly for financial and industry conferences around the world such as CFA and CPA chapters.
Litman is Chair of the UAFRS Advisory Council which is spearheading usage of Uniform Adjusted Financial Reporting Standards aka Uniform Accounting. He helped build Credit Suisse’s HOLT University and the Center for S.E.V. and MBA Concentration at the Driehaus College of Commerce at DePaul University.
Past employment includes Credit Suisse, Diamond Tech Partners (now PwC), Deloitte, and American Express. He is a member of CFA Institute, the global association for investment professionals, and the Association of Certified Fraud Examiners. He is a CPA (Certified Public Accountant), received a B.S in Accounting from DePaul University and an MBA/MM from the Kellogg Graduate School of Management at Northwestern University.
Litman’s philanthropy is focused on community development through scholarships, job training programs, and extensive microfinance lending, particularly in the Philippines.
About Valens Research
Valens Research provides regularly updated, economically relevant and reliable corporate performance, equity valuation, and credit analytics by deconstructing and then reassembling each company’s financial statements into Uniform Adjusted Financial Reporting Standards (UAFRS) for each of over 6,000 companies around the world.
The wide range of current and potential clients includes virtually anyone dependent on understanding and analyzing business performance and valuation with comparability, reliability, and accuracy. Valens Research’s disciplined processes and analytics provide a valuable set of data and insights for users of financial statements of all kinds.
Uniform Adjusted Financial Reporting Standards (UAFRS), also known as Uniform Accounting and Uniform Financial Reporting, represent an alternative set of standards for reviewing and analyzing financial statements aimed at creating more reliable and more comparable reports of corporate financial activity. UAFRS identifies more than 130 inconsistencies within GAAP and IFRS financial reporting that cause earnings, the balance sheet, and key financial metrics to be terribly distorted across peers and from year to year within single companies. UAFRS calls for repairing these distortions by adjusting the financials to adhere to one consistent set of accounting standards. This results in comparable and trend-analyzable Uniform EPS, Uniform Earnings, Uniform Assets, and other important metrics of corporate financial activity.