Who We Are     

We are value investors who embrace the principles of Warren Buffett, Charlie Munger, and Benjamin Graham, and simultaneously, we are AI developers who believe technology can bring us a more prosperous future. We hypothesize that an AI system designed according to the right principles and 100+ years of data could greatly outperform a human in fundamental security analysis. Moreover, it would be capable of comparing thousands of public businesses, at no cost, and without emotions that often lead to big losses. We believe these benefits should be brought to everyone.

Our Vision is to harness AI to create a healthier market and benefit investors worldwide

Why

  1. We love investing, and it excites us to build novel investment solutions

  2. We understand that high fees and weak investments can significantly offset financial goals, such as retirement. We aim to steer people away from such investments and offer more suitable alternatives. 

  3. Particularly in today’s market, major indexes are at all-time high prices, and today their widespread adoption is significant enough to raise concern in security pricing dynamics. This inspired us to create low-fee solutions that also participate in price discovery. In principle, this saves passive investors from absorbing overpriced assets in times of greed, and if widely adopted, would lead to a more appropriately priced market.

Investment Philosophy

  • We only invest in businesses we understand well. To understand a business as an investor, we must understand it as an accountant, as an operator, and its products as a consumer

  • We look at ‘stocks’ as businesses, and invest based on the quality and future earnings of those businesses

  • We seek opportunities where the market value is grossly below the intrinsic value of the business. With that said, we prefer a quality, durable business, over one that is distressed and ‘cheap’

  • We don’t let the market decide how much a business is worth, nor are we bothered by market volatility. Rather we let the market serve us good opportunities when they come and trust our convictions will perform over time

  • We pay close attention to opportunity costs, where making a new investment must be better than our best positions at the time

  • We do not buy something for 10 minutes, unless we’re comfortable holding it for 10 years, with 10% of our family’s net worth

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