We invest in persistent growth — growth that sustains at higher rates for longer than the market expects.

To successfully invest in persistent growth, we must profit from where the world is going. It depends on the paradox of change and consistency. Change sparks a new opportunity; consistency enables a change to take hold.

By its nature, persistent growth demands investor patience. Persistent growth investments can be worth owning for years, even decades. Patience paired with persistence yields superior performance.

Unconventional Expertise

Expertise is overrated. To be considered an expert, one must know the things expected of an expert, and what’s expected is conventional. The doctor, the lawyer, the pilot, the financial advisor. They’re expected to play by a common set of…

The Investing Extremes Dictionary

There aren’t many great companies. There aren’t many great founders. There aren’t many great investment opportunities. The sooner investors accept that reality, the easier we make our lives. Focus on great companies and great founders. Ignore everything else. The hardest…

Two Rules to Create a Habit of Curiosity

Curiosity to Conviction Life is about a few moments of conviction. You find conviction through consistent curiosity. Magic happens when persistent effort fueled by conviction happens at the right time. The collision of curiosity, conviction, and timing is how all…

A Mental Model for Investing in AI

The run in AI-related stocks will prove overdone in the near term, but AI will prove even bigger than people think in the long-term. That’s a high bar given the hype. Contradictory beliefs can signal contrarian investment opportunities. AI is…

The Power of Conviction

“I am a dynamic figure, often seen scaling walls and crushing ice. I have been known to remodel train stations on my lunch breaks, making them more efficient in the area of heat retention. I translate ethnic slurs for Cuban…

The Cone of Expectations

For fundamental investors, stock prices represent a demand of future business performance. Those future demands can be demonstrated in reverse DCFs where you solve to a price rather than project an outcome on your own estimates. The same thing can…

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We manage equity investment funds across the growth spectrum in public and private markets.