These are the principles guiding our work.
Most importantly:
- Survive. Some examples of paths leading to our demise: bad investments especially with imprudent use of leverage, getting sued and broken up in court, poor leadership succession, or a gradual decline and shift in cultural values that then leads to mission-drift and potentially a proactive dissolution of the firm.
- Stay true to our culture.
- Protect and build the brand. It takes decades to build and could get destroyed in a moment.
In no particular order:
- Great documentation -> for longevity, collaboration, and managing key-person risk.
- Transparency, both internal and external. Open-source where feasible. We have very few competitors or needs for secrecy.
- Take the long-term view.
- Measure risks and mitigate all catastrophic risks very aggressively.
- Expect and facilitate continuous improvement in all staff.
- Continuously maintain succession plans.