Investment Philosophy

An evidence-based approach to equity investing

A three-part framework built on long-term data, factor research, behavioural insight, and the conviction that process matters more than prediction.

Why Equities?

8 min · 4 widgets

Equities have delivered superior long-term returns. The evidence, the intuition, and the caveats — with interactive data across 200 years of markets.

Why Value?

7 min · 2 widgets

Value investing is the practice of exploiting dislocations between price and intrinsic worth. The evidence is deep, persistent, and global.

Why Value Works

12 min · 1 widget

The evidence says value works. Here is what it takes to capture it — the personality traits, the disciplines, the traps to avoid, and how to construct a resilient portfolio.

These articles are designed to be read in order. Each builds on the previous — from the broad case for equities, to the specific case for value, to the practical disciplines needed to capture the premium.