Investment Philosophy
We are living in an unprecedented era of technological advancement, where the pace and scale of change will surpass prior periods of innovation.
Our approach allows us to take advantage of the rapid change we are seeing in the world to find exceptional investment opportunities.
Our goal is to understand where the world is heading over the coming decades and turn that view into a focused set of high-conviction investments. We form a clear perspective on how businesses are likely to evolve over time and pair that with rigorous near-term fundamental research to identify companies approaching important inflection points in their growth and performance. We focus on investing in exceptional businesses that are at the cusp of transformational changes.
We rely on clear principles to turn our differentiated insights into high-conviction investments
Thought leadership and early identification of themes
We strive to be early to the themes that matter. We identify companies seeing significant impacts from emerging trends before they are broadly appreciated.
Deep fundamental analysis
Our approach is fundamental and concentrated. Our rigorous process produces differentiated, high-conviction views and supports concentration in our best ideas.
Long-term horizon with near-term validation
We underwrite ideas based on our long-term forecasts, while closely tracking near-term data to confirm whether our thesis holds. This keeps conviction grounded and current.
Conviction and decisive positioning
When opportunities are compelling, we move decisively. We size high-conviction ideas to drive returns, use dislocations to our advantage, and stay nimble as new information emerges.
Breadth of opportunity set
We invest across a variety of business models, from high growth innovators to established cash generators, from cyclicals to compounders to turnarounds. This breadth enables opportunity across market environments.
Performance-driven culture
We operate with a culture centered on intellectual honesty, continuous improvement, innovation, and excellence. Our team structure, decision making processes, and feedback loops are designed to sharpen insights and strengthen conviction.