FIDUCIARY ADVICE

A professional should always act in the best interest of clients.

ALIGNMENT

A well designed system creates a confluence of interests rather than conflicts of interest.

PROCESS OVER RESULTS

Over time, a good process will yield good results, but for any individual decision luck can overwhelm skill.  Decisions should be judged based on the information available at the time and by whether a good process was followed rather than by the outcome.

VALUE

We seek to receive more value than we pay for an investment, and to provide our clients with more value than they pay for our services.

DIVERSIFCATION

An optimized portfolio is diversified across asset classes, companies and strategies.  Diversification reduces risk and is consistent with the truth that nobody knows what will happen in the future.

DIFFERENTIATION 

To attain superior results, one must be willing to do something different than the crowd.