Our Investment Philosophy
We take business risks under our own reputation and embrace accountability to our investors. We stay current with numerous non-traditional resources, incorporating non-traditional inputs and meta-analysis into our research. Our agnostic process allows us to view businesses and situations from perspectives that others may not.
We believe there are three sources of edge in markets — informational, analytical, and behavioural. The most enduring of these three is behavioural, as humans tend to react emotionally. We pride ourselves on being agnostic interpreters of what the market is telling us. Our systematic portfolio construction approach aims to deliver repeatable results and minimize behavioural biases. In addition, we employ some degree of technical analysis. This results in a beautiful balance between the objective and the subjective. We try to strike an equally appropriate balance between what we see as three crucial pillars of any sound investing strategy: technical, fundamental, and observational.
The financial markets are continuously evolving, and so must our approach to investing. Although change is a constant in the investment world, we are always seeking simplicity. We have had success not by deconstructing intricate complexities, but by exploiting unrecognized simplicities.
In reality, simplicity often makes all the difference.