Quality at Dislocation
We seek companies with proven business models, resilient cash flows, and long growth runways that are trading at unjustified discounts to intrinsic value. Our edge lies in recognizing when the market has overreacted or misjudged the core strength of a business.
Patience Creates Opportunity
We act decisively when prices disconnect from reality
Investment Process
Identify Quality
Screen for competitive moats, capital efficiency, and management excellence
Spot Dislocation
Monitor for price-value gaps caused by sentiment or short-term noise
Analyze Deeply
Build robust valuation models with scenario-based stress testing
Wait for Catalysts
Identify triggers that will close the gap between price and value
Our Investment Principles
The foundational beliefs that guide every investment decision we make
Deep Fundamental Research
We dive deep, performing thorough fundamental analysis, building robust valuation models, and understanding business dynamics at a granular level.
Asymmetric Risk Reward
Our process is structured to minimize downside while capturing asymmetric upside as quality eventually shines through short-term volatility.
Margin of Safety
We require a significant discount to intrinsic value before investing, providing protection against unforeseen risks and estimation errors.
Catalyst Identification
We identify specific events or changes that could re-rate the business over time, giving us conviction in our investment timeline.
Concentrated Positions
When conviction is high and the opportunity is compelling, we take meaningful positions rather than over-diversifying.
Long Term Orientation
We think in years, not quarters. Patient capital allows us to benefit from market inefficiencies that short-term investors create.
AI Augmented
Research & Analysis
We leverage proprietary AI tools to enhance every stage of our investment process, from initial screening to ongoing portfolio monitoring.
Prism AI
Our proprietary AI assistant trained on investment frameworks, financial modeling, and market analysis to accelerate research workflows.
RAG Knowledge System
A retrieval augmented generation system that indexes SEC filings, earnings transcripts, and research to surface relevant insights on demand.
Predictive Analytics
Machine learning models that analyze historical patterns, sentiment data, and fundamental metrics to identify potential market dislocations.
How AI Enhances Our Process
Screening & Discovery
AI scans thousands of filings and data points to surface potential dislocation candidates
Deep Research
RAG system retrieves relevant historical context and comparable situations instantly
Risk Assessment
Advanced scenario analysis and stress testing powered by AI to model portfolio risks
Ongoing Monitoring
Continuous tracking of thesis drivers, sentiment shifts, and catalyst developments
Human + Machine Intelligence
AI augments our judgment. It doesn't replace the rigor of fundamental analysis.
"Rather than chasing momentum or reacting to headlines, we understand businesses and act decisively when prices disconnect from reality."
The "Dislocated High Quality Companies" framework was inspired by Mark Mahaney's work on identifying fundamentally sound businesses trading at unjustified discounts.