Frequently Asked Questions

Our investment philosophy is built on making high-conviction, benchmark-agnostic investments in a concentrated portfolio of global technology companies. We employ a patient and disciplined research process rooted in first-principles thinking to identify durable, high-quality businesses that we believe are undervalued.

We invest across the global technology landscape: from semiconductors and software infrastructure to enterprise and consumer hardware, internet platforms, fintech, and industrials, utilities, and energy. Through deep, bottom-up fundamental analysis, we seek undervalued companies with enduring competitive advantages.

We look for companies whose advantages are rooted in constant constraints — physical principles, human nature, and capital cycles — that no amount of innovation can circumvent. By focusing on these constants, the aim is to surface less-obvious, high-conviction investments that the market underappreciates.

We define risk as the permanent loss of capital. Our primary risk management tool is investing only in businesses we understand deeply. We manage a concentrated portfolio of our best ideas rather than overdiversifying, which allows for rigorous monitoring of each position. We seek a sufficient margin of safety in our valuations to protect capital, even in downside scenarios.

Our services are designed for long-term oriented, sophisticated investors who seek a focused exposure to the global technology sector and appreciate a partnership built on transparency, rigorous research, and a shared commitment to long-term value creation.

Minimum investments are typically $1,000,000 for a Separately Managed Account (SMA). We encourage you to contact us, as we can discuss the investment approach best suited to your specific objectives.

We offer a transparent fee structure designed to align interests with clients; for Separately Managed Accounts, the standard advisory fee is 1.0% per year, calculated quarterly in arrears, with full terms provided in our Form ADV Part 2A.

We provide clients with comprehensive performance reports on a quarterly basis. In addition to formal reporting, we maintain an open line of communication and provide periodic market commentary and updates on portfolio positioning.