- Take care of your people as an end in of itself, and then be amazed by how strongly they show up for you.
- Bias is to hold over long time horizons; let compounding of talent/returns work its magic!
- Never break trust nor compromise on matters of integrity and values. Principles are there for when they’re not hard to follow and inconvenient, not the other way around.
- Avoid bureaucracy and perverse incentives. No drive to amass fees for AUM. No appetite for pressure to deploy capital when one should stay disciplined/patient. Protect the cap table.
- Quality > Scale. Prefer to have an impeccable and pristine organization, pairing the best people with quality businesses than compromise in pursuit of endless growth.
- Create value not just for shareholders but also employees and community. Make a customers’ lives better and actually contribute to society or the planet.
- Being chained to your desk is bad. Be an multi-dimensional human with other interests; explore other parts of yourself and the wide world.