Investment Philosophy8 min
Why Do We Have a Stock Market?
Understanding the origins and purpose of equity markets, from mercantilism to modern investing.
The Ocean Doesn't Care About Your Swimming Lessons
Take a breath
Click anywhere to skip
Understanding the origins and purpose of equity markets, from mercantilism to modern investing.
Why exponential growth is counterintuitive and how to harness it for long-term wealth creation.
The critical distinction between owning businesses and trading stocks.
A different perspective on risk that focuses on permanent loss of capital, not volatility.
Lessons from major market crashes and how to think about them as opportunities.
Why going against the crowd is essential for investment success.
Understanding the psychology of market manias and how to navigate them.
Understanding where you have an edge and staying within those boundaries.
How to build a flexible process that captures lessons and improves over time.
Why difficulty is a signal of opportunity and how to embrace it.
How management teams should think about deploying capital.