investing wisdom
by Daniel Bakalarz and · updated 3d ago
investing wisdom
Copy of Prime Macaya Capital Management LP - January 2023 Thoughts - Barriers to Scale.pdf
alex added 2mo ago
Barriers to scaling investment managers - really good memo
Conviction
The document delves into the importance of conviction in business ownership, detailing the role of explicit and implicit convictions in investing decisions and the concept of Quality in company assessment.
by Anonymous
5 highlights
alex added 4mo ago
wonderful essay on conviction in investing and life
"An investment philosophy on ‘complexity investing’ from NZS Capital"
Investment philosophy on "complexity investing" from NZS Capital, emphasizing the need to embrace extreme events, balance resilience and optionality, and focus on quality, growth, and understanding change in portfolio construction.
by NZS Capital
Juan Orbea added 5mo ago
NZS Capital poses that the economy and the stock market are best studied as complex adaptive systems akin to biology. They emphasize investing in companies that are adaptable, long-term focused, innovative, possess long-duration growth, and maximize non-zero-sum outcomes. The approach involves fewer, larger positions in companies highly adaptive to disruption, high levels of quality, growth, and context, and smaller positions in companies with a wide range of potential outcomes.
Investment Principles.pdf
Juan Orbea added 6mo ago
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