Founder and former president of Potomac Fund Management (PFM) and a founding member of the National Association of Active Investment Managers (NAAIM). Served on NAAIM’s first Board of Directors, and authored the organization’s original Performance and Measurements Standards. In 1992 initiated a study on the effectiveness of money managers employing market timing techniques. As a result of this study, co-authored a landmark article* in the Journal of Portfolio Management, the financial profession's premier academic publication. Holds a Bachelors of Electrical Engineering degree from New York University with over 24 years’ experience as a Systems Engineer. While working at the Johns Hopkins University Applied Physics Laboratory, began managing an investment partnership he formed with other engineers and scientists. The success he had in managing money led to his formation of PFM in 1987.After selling a majority interest in PFM in 2003, continued to serve on PFM’s investment committee until 2014. Rich expected to hang up his shingle and enjoy retirement. But his passion for his work to refine and perfect his mechanical stock market and high yield bond timing systems has not ebbed, but rather has soared with its success - true passion doesn’t retire – it lives on as long as it can.That passion also drives a desire to maintain the legacy of what has become an increasingly more impressive long term track record. In order to continue the legacy, Rich has teamed up with a former colleague and corporate CFO to serve as a backup and to ensure that the legacy of the trading systems is maintained for the foreseeable future.*”Market Timing Works Where it Matters Most…in the real World,” The Journal of Portfolio Management, Volume 18, Number 4, Summer 1992