TOMS RIVER, NJ, October 10, 2025 /24-7PressRelease/ -- In a market dominated by high-frequency trading, social media hype, and speculative bets on the next big trend, Judah Spinner, Founder and Chief Investment Officer of BlackBird Financial LP, is making the case that patience is the ultimate edge. With his New Jersey–based hedge fund delivering 71.4% net returns in the first three quarters of 2025, compared to the S&P 500's 14%, Spinner argues that long-term conviction remains Wall Street's most undervalued asset.

"Patience is rare in modern markets," Spinner said. "Everyone wants immediate gratification, but real investing takes time. The ability to sit still, to let fundamentals compound, is where the true outperformance lies."

A Career Built on Early Conviction
Spinner's belief in patience is rooted in a lifelong passion for investing. At just 12 years old, while many of his peers were reading sports pages, Spinner was devouring The Wall Street Journal. By 13, he had bought his first stock. At 15, he was entrusted with managing $100,000 for Charles Dayan, a prominent New York real estate tycoon, an experience that taught him both responsibility and restraint.

At 18, Spinner launched his first investment firm, Petlin Management, now BlackBird Financial, with over $1 million in assets under management at inception. From the beginning, his strategy was unapologetically long-term.

"Patience was built into my DNA as an investor," Spinner reflected. "I was never interested in trading for tomorrow's headlines. I wanted to own businesses for decades."

BlackBird Financial: The Philosophy in Action
Today, BlackBird Financial LP embodies that philosophy. Named after the SR-71 Blackbird reconnaissance jet designed to fly higher, faster, and farther than anything else in the skies, Spinner's firm pursues investments with similar traits: durable, high-performing, and misunderstood by the crowd.

Rather than scattering capital across hundreds of positions, BlackBird concentrates on a handful of businesses that meet strict criteria: durable competitive advantages, strong management, and prices trading far below intrinsic value.

The results speak for themselves. In 2025, the fund's net performance has exceeded 71% in the first three quarters, compared with just 14% for the S&P 500 over the same period. Spinner attributes this to ignoring market chatter and focusing solely on fundamentals.

"Markets are full of noise," he said. "But businesses don't change overnight. If you focus on free cash flow, balance sheet strength, and long-term advantages, you can afford to ignore the short-term."

Patience as a Competitive Advantage
Spinner believes patience is especially powerful in today's environment, where most investors are conditioned to react instantly to headlines, quarterly reports, or even social media sentiment.

"The average holding period for a stock used to be seven years in the 1960s," Spinner observed. "Today it's closer to seven months. That impatience creates opportunities for disciplined investors willing to take the other side."

By staying patient, Spinner says investors can exploit mispricing that occur when the market overreacts to temporary challenges. For example, he highlights Alibaba (NYSE: BABA) as a classic case. At the start of 2025, Alibaba had a market capitalization below $200 billion despite generating over $1.3 trillion in gross merchandise value annually and holding over $50 billion in cash.

"Markets were pricing Alibaba as if its best days are behind it," Spinner said. "But when you take a five- or ten-year view, you saw a global leader investing heavily in AI, cloud, and logistics. Patience unlocks that value."

Spotlight on Long-Term Holdings
Spinner points to several of BlackBird's cornerstone investments as real-time demonstrations of his philosophy:

Alibaba (NYSE: BABA): Mispriced global leader with enormous retail ecosystems and a fast-growing cloud division.

Caesars Entertainment (NASDAQ: CZR): Entering a powerful free cash flow cycle post-Eldorado merger, with strong leadership under Tom Reeg.

Builders FirstSource (NYSE: BLDR): Benefiting from industry consolidation and disciplined capital returns, including aggressive share repurchases.

Dollar General (NYSE: DG): Dominant in rural retail, now revitalized under returning CEO Todd Vasos.

Each of these companies, Spinner argues, requires patience to appreciate fully. "The market wants instant results," he said. "But true value takes years to emerge. That's why our holding periods are measured in decades, not days."

Discipline Over Speculation
At the core of Spinner's message is a warning: speculation masquerading as investing has become rampant. Meme stocks, options frenzies, and algorithmic short-term trades often capture headlines but rarely deliver lasting wealth.

"Speculation is seductive, but it's not sustainable," Spinner said. "The investors who win long-term are the ones who resist the urge to chase fads and instead focus on fundamentals. Patience is discipline in action."

This approach means BlackBird avoids over-diversification and trades infrequently. "We don't need 100 ideas. We need 10 great ones," Spinner explained. "And we need the patience to let them play out."

Beyond the Numbers: A Life of Discipline
Spinner's philosophy of patience is not confined to investing. It permeates his life. He earned his FAA private pilot's license in just 30 days, reflecting a capacity for focus and persistence. He has traveled to all 50 U.S. states, an accomplishment that underscores his commitment to exploration and endurance. His passion for exotic and classic cars demonstrates an appreciation for craftsmanship and longevity.

Academically, Spinner's credentials also reflect a rare discipline. He is a Chartered Financial Analyst (CFA), having passed all three levels of the exam on his first attempt which is a distinction held by only a small percentage of candidates. He also holds the Financial Modeling & Valuation Analyst (FMVA) certification and has passed FINRA's Series 7 and 66 exams.

A Commitment to Community
Patience, Spinner argues, also applies to building communities and supporting future generations. Beyond finance, he is a passionate philanthropist, supporting organizations including Yeshiva Day School of Las Vegas, Las Vegas Community Kollel, American Friends of Lubavitch in Washington D.C., YJP Las Vegas, RCCS, and Yeshiva Heichal Hatalmud.

He also serves as a mentor with Big Brother Big Sister, guiding young people toward brighter futures. "Investing in people takes patience, too," Spinner said. "You don't see the results overnight, but the impact compounds over time."

Recognition and Thought Leadership
Spinner's voice has increasingly resonated beyond Wall Street. Featured in Image Magazine in November 2023, he has emerged as both a practitioner and a philosopher of disciplined investing. His public message is clear: amid a culture of instant gratification, patience is the asset few appreciate but many need.

"Patience doesn't show up on a balance sheet, but it's the most valuable capital an investor can hold," Spinner concluded. "If you can master the art of waiting, you will always have an edge."

About BlackBird Financial LP
BlackBird Financial LP, founded by Judah Spinner, is a value-oriented investment firm based in Toms River, New Jersey. The firm applies a Graham-and-Dodd-inspired methodology, concentrating capital in businesses with durable competitive advantages trading below intrinsic value. With a philosophy grounded in discipline and long-term conviction, BlackBird has delivered superior results, including a 71.4% net return in the first three quarters of 2025, far surpassing market benchmarks.

To learn more visit: https://judahspinnercfa.com

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