Investment Process

The process that guides us

independent Thought
  • Independent thought is critical to everything we do

  • As contrarians we seek uncommon insights

  • The fact that people agree or disagree with you doesn't make you right or wrong

  • Seek facts diligently, advice never

  • Beware heavily researched investments

Tenacity
  • tenacity means knowing competition is smart

  • the only thing that differentiates good and bad investors is tenacity, the ability to do the toughest thing during the hardest time

patience
  • Patience is critical, identify opportunity and wait for it to come to you

  • allow compounders to reach their potential

scarcity
  • Acknowledge investment scarcity: private equity has moved aggressively to compete for deep value investments

  • Important to separate a good company from a good stock