Scott Black (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Scott Black (Trades, Portfolio) is the president and founder of Delphi Management, Inc. His first entrepreneurial venture, restructuring the William ONeil Company in 1978, was followed in 1979 by managing equities for Sunkist Growers, Delphi Managements original account. 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 companys diversification activities. 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. According to Delphi’s website, “We pursue a proven value investing strategy that emphasizes the fundamental performance of underlying companies. We only invest in companies that meet our internally developed set of rigorous quantitative criteria and that are under good management. As disciples of the Graham-Dodd school of value investing, this means we believe that an investment candidate should only be purchased at a low absolute valuation. Additionally, it means that we personally contact management at every company in which we invest.”