Our clients have many investment choices so we must earn the right to be a custodian of a portion of their wealth by delivering outstanding long-term results.
We aspire to master simplicity. While complexity sounds sophisticated, we believe it can undermine our ability to invest well.
We operate as if our clients are present in the room. We tell them what they own, why we make portfolio changes, and what we will improve and learn from any mistakes inevitably made along the way.
The best results are achieved when we work together. Collaboration involves being open-minded, actively listening, and operating with a high question-to-statement ratio.
Everything we do, we can do better. We want to make small but meaningful improvements to how we operate and how we invest every year, knowing that the cumulative effect of these iterations is powerful.
To be great doesn’t mean to be perfect, but it does require humility. True humility helps us recognise investment errors, to acknowledge our biases, and to appreciate when someone else has a better idea.