Investment thesis
Darren LI and
Investment thesis
Contrary Research
research.contrary.com
Investment Principles.pdf
drive.google.com
Investment Principles recollection by some of history’s best investors.
Love this from Joshua Kushner’s interview on Patrick O’Shaughnessy‘s Invest like the Best:
Patrick: How do you balance or reconcile participating in a $2b round for stripe with a 2m check into a seed company?
Joshua: They are equally concentrated - not in magnitude of capital but in... See more
"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.
static1.squarespace.comNZS 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.
Instead, Professor Kahneman favored an alternative that he termed “adversarial collaboration.” When people who disagree work together to test a hypothesis, they are involved in a common endeavor. They are trying not to win, but to figure out what’s true. They might even become friends.