Insights

Investment Philosophy

Our investment approach is rooted in disciplined fundamental analysis, contrarian thinking, and long-term value creation. We seek to identify mispriced assets where others see only risk, and we have the patience and capital structure to wait for our thesis to play out.

Market Cycles & Timing

We believe markets move in cycles driven by psychology, liquidity, and economic fundamentals. The best opportunities arise during periods of dislocation when fear exceeds rational assessment of risk. Our flexible capital allows us to be patient during expensive markets and aggressive during dislocations.

Operational Value Creation

Financial engineering and leverage can only take you so far. Sustainable returns come from operational improvements, strategic repositioning, and hands-on management. We don't just buy assets—we improve them.

Macro Themes We're Watching

• Structural shifts in work, living, and technology consumption
• Infrastructure modernization and digital transformation
• Demographic changes and generational wealth transfer
• Supply chain reconfiguration and nearshoring trends
• Energy transition and resource scarcity

Key Principles

Focus on risk-adjusted returns, not absolute returns. Avoid permanent capital loss. Be patient with winners and ruthless with losers. Never stop learning and adapting.