Investment Principles

  • 1.

    We think and act differently to outperform

    “You can’t take the same actions as everyone else and expect to outperform” – Howard Marks
    You cannot expect a different result by doing the same thing as others. Yet, most investors continue to follow the crowd while still hoping to do better than the rest. The truth is, human brains are wired to follow the crowd and to ‘seek safety in numbers’.

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  • 2.

    We act boldly to make an impact

    “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
    It takes more than good insights to get better returns. Investment managers who make the right calls often still do not make much of an impact on their performance. What’s the reason?

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  • 3.

    We manage the unknown to stay alive

    “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Mark Twain
    Investing is not like running a business. Entrepreneurs like Elon Musk or Steve Jobs managed to achieve extraordinary feats by putting everything on the line. But the greatest investors who have amassed immense wealth possess a different skill:

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  • 4.

    We do not bet on today’s winner for tomorrow’s return

    “The investor of today does not profit from yesterday’s growth” – Warren Buffett
    “They’ve done well in the last three years” is probably one of the most popular reasons for many to invest in a fund. Yet, relying mainly on past performance often leads to performance chasing and the risk of ‘buying high, selling low.’

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  • 5.

    We focus only on predictable outcomes

    “History doesn’t repeat itself, but it does rhyme.”– Mark Twain
    At the core of our belief lies a fundamental principal: only focus on opportunities that offer highly predictable outcomes. Predictable outcomes does not mean trying to predict interest rates, economic growth, or recessions.

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