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.

Doug Clinton

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…
5-Minute Read
Doug Clinton

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…
9-Minute Read
Doug Clinton

The Valuation Playbook

What’s my company worth? What makes you special? The two questions are inextricably intertwined. The more special your value add, the more your company’s potential value. It’s true at the individual level too. The value of your time or effort…
10-Minute Read

Investing in Persistent Growth

Markets occasionally misprice persistent growth opportunities, and that is the essence of great growth investing. Apple and Amazon are examples of the power of persistent growth. Shares of AAPL and AMZN are up 10x since 2012. The S&P 500 is…
3-Minute Read
Doug Clinton

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…
8-Minute Read
Doug Clinton

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…
6-Minute Read
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We manage equity investment funds across the growth spectrum in public and private markets.

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