Sustainable Growth

I am a fundamental equity investor. I think money is better at working than people, and people shouldn’t have to be productive assets. This requires building Capital. A space between hand and mouth so that something is left to put to work. It also requires an underlying optimism and faith in the future. If you are negative, now is all that matters. You could be hit by a bus. I plan to not be hit by a bus. This means I get my money jobs at companies I think can deliver Sustainable Growth. I believe most of us have a short-term bias. A long-term plan means “the next five years”. My ideal long-term plan is the next 1000 years. That makes you look at the underlying system, institutions, and deep roots. That makes you plant Oaks you won’t see grow to full size. That gives unborn people the same vote as those who are currently making the consumption v investment choice. Being a fundamental investor means what the money does matters. Matters deeply. It isn’t gambling. It isn’t playing. It isn’t a Win-Lose competition. It is building on what came before, responding to current challenges, and contributing to what comes next.

Not scared of Busses