Welcome to Unconventional Value
This newsletter is a public extension of my investing practice. The best way to understand if you might enjoy reading my work is to understand who I am as an investor. Here are a few hints:
I have no strict rules.
I gravitate towards a concentrated portfolio.
I view investing as an art, with some more scientific components.
I bias towards inaction. My time horizon is measured in decades.
I think drawing insights and forming judgments from what can’t be measured is more important than analyzing the immediate financials.
I think markets commonly misprice change.
I believe it is still day one in the business of the internet.
Read my 2024 Annual Letter for more thoughts on my philosophy, strategy, and approach to risk. It also discloses my portfolio and returns.
Subscribers receive:
Investment letters, with full portfolio and returns disclosed (semi-annual)
Actionable investment ideas (episodic, aim for at least one per year)
Other research and essays (episodic)
All feedback welcome. Disagreements encouraged. Thanks for your support, and drop a comment or reach out on Twitter with any questions.
