ABOUT US | OUR PHILOSOPHY
Be a Generalist
In his book Range, David Epstein examined the world’s most successful athletes, artists, musicians, inventors, forecasters and scientists. He discovered that in most fields—especially those that are complex and unpredictable—generalists, not specialists, are primed to excel. They’re also more creative, more agile, and able to make connections their more specialized peers can’t see.
Be Different
“[B]eing different is absolutely essential if you want a chance at being superior…[be] active in unusual market niches; buying things others haven’t found, don’t like or consider too risky to touch.”
Howard Marks
Play in the Easy Game
“In the search for market inefficiencies, it helps to get to a market early, before it becomes understood, popular and respectable. There’s nothing like playing in an “easy game” – an inefficient asset class – where the other investors are few, ill-informed or biased negatively. That’s far easier than trying to be the smartest person in a game that everyone understands and is eager to play.”
Howard Marks