1. I think the best funds should share their thinking and research more openly. There is a school of thought that your research is proprietary knowledge that you should protect, thus not be at risk of others copying your best ideas. I think e contrary. Not only does sharing ur..
2. .. thoughts serve to inform current and potential investors of your process/philosophy, it also serves as a platform to invite further conversations, to force clarity/simplify e way we write and explain our ideas.more importantly, helps to filter for a group of like minded..
3. .. Customers to become partners. Sharing more publicly is an excellent brand builder and would help reinforce your value prop, increase stickiness and trust between your customers. Not too unlike how the best companies do it in their own brand building efforts..
4...finally, I don't think sharing more puts a fund more at risk to copying. In this business, you can copy the surface but never the essence. 100 investors buying into the same name would not have the same level of conviction, neither would they have the same portfolio..
5...construction and sizing to optimise exactly the same way depending on how the market moves. Only when you develop deep conviction through years of following a company are you then able to double up when others are scared and bail.. Also, there are group of investors who..
6... Innately are against copying. They like to "find their own ideas" and judge "public ideas" as consensus. So by default, not much copying really does happen!
7. Tt said, I've found so much value from the public sharing of funds @IntrinsicInv @GavinSBaker @bradsling @JohnHuber72 🙏
Really looking forward to doing the same at some pt of my career. It must be fun building a brand from scratch!
Really looking forward to doing the same at some pt of my career. It must be fun building a brand from scratch!
