Our Approach

Simple principles. Disciplined execution. Long-term thinking.

Core Principles

1. No Leverage

We don't borrow to invest. All positions are funded with owned capital. This ensures stability and removes the risk of forced liquidation during volatility.

2. Long-Term Horizon

We're not traders. We're investors. Our time horizon is measured in years, not days. This changes everything about how we think and act.

3. Fundamentals First

Every investment must make sense on its fundamentals. If we can't explain why something has value in simple terms, we don't invest.

4. Concentration Over Diversification

We'd rather own meaningful positions in a few high-conviction ideas than spread thin across dozens of mediocre ones. Focus creates returns.

5. Patience is an Edge

In a world of instant gratification, patience is a competitive advantage. We're willing to wait for the right opportunities and hold through volatility.

What We Look For

• Essential infrastructure — things the world needs, not wants
• Strong fundamentals — real cash flows, real assets, real value
• Asymmetric upside — limited downside with significant potential
• Alignment of interests — management that thinks like owners

What We Avoid

• Speculation and hype
• Leverage and complexity
• Short-term thinking
• Investments we don't understand

Simple. Focused. Patient. That's our approach.