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OUR BELIEFS 2017-11-02T14:33:48+00:00

FOUNDATIONS OF OUR SUCCESS

  • Focus on the process, not the outcomes
  • Emphasize capital protection as much as upside potential
  • Think like rational business analysts first, not traders of individual stocks
  • Identify good capital allocators that think and act like Outsiders
  • Exploit the manic-depressive nature of Wall Street
  • Take concentrated positions when the expected returns relative to the risks are favorable
  • Expand our circle of competence and latticework of mental models
  • Align our economic incentives with our investors