Approach
Why we invest in themes, not indexes
An index is a photograph of the economy as it is this morning. A theme is a written thesis about how it is changing, held inside a policy that makes the concentration survivable.
Inherent Wealth Fund
Category: Approach
Letters, thesis notes and planning articles from the firm.
Approach
What would make us wrong
Every thesis we publish names, in advance, the evidence that would end it. Why that section exists, what goes in it, and how it decides when a position is closed.