How we invest
Our process begins with macro analysis and thematic identification before narrowing to specific opportunities. We structure portfolios around thoughtful core holdings and more tactical satellite positions, allowing us to preserve discipline while remaining responsive to changing market conditions.
- Core positions: Constructed with conviction around businesses we believe can compound capital over multiple years through earnings growth, balance sheet strength, and durable competitive advantages.
- Satellite holdings: Used selectively where valuation dislocations, market dislocations, or structural changes create a compelling risk-reward profile.
- Selection discipline: Each investment is evaluated through a layered framework that combines macro perspective, corporate fundamentals, governance quality, and scenario analysis.