Investment Philosophy
The capital entrusted to my care represents the result of years—often decades—of hard work, discipline, and sacrifice. My foremost responsibility is safeguarding this hard-earned wealth while seeking opportunities to grow it sensibly. To do so, I adhere to a clear and disciplined set of principles:
Respect for the Source of Capital
Every dollar invested represents someone’s effort, aspirations, and future. I treat that trust with the utmost care and seriousness.
Alignment with Like-Minded Partners
I work with clients whose investment goals and time horizons align with mine. Mismatched expectations are a distraction and often a hindrance to long-term success.
Focus on Enduring Businesses
I invest in businesses with strong fundamentals, capable management, and the ability to thrive over decades. Endurance is essential for compounding wealth.
Understanding Risks Before Acting
Before taking an ownership stake, I strive to have a thorough understanding of the risks involved. The biggest source of risk is ignorance, my goal is to eliminate surprises by accounting for as much as possible in advance.
Conservatism in Action
I only act when the odds are heavily in our favor—when the price is right, the risk is low, and the potential reward is meaningful. Patience and discipline are key.
This disciplined, conservative approach often means doing nothing for extended periods. Patience isn’t just a virtue in investing; it’s a competitive advantage. I prefer to partner with clients who share a long-term perspective—spanning decades or even generations. Time is one of the few enduring edges available to investors, and I seek to use it wisely.
To help ensure a strong understanding between us, I provide each client with an Investor Handbook alongside our Form ADV Part 2A. This handbook details our investment philosophy, selection process, and overall approach. It's important that every client understands, embraces, and shares the vision. When philosophy and partnership align, excellent results can follow.