Process
Investment process
From curiosity to conviction.
A repeatable framework designed to separate an interesting company from an attractive investment.
The framework
Evidence before conviction.
Each stage is designed to make assumptions visible, identify what matters and preserve the ability to change the view.
- 01
Discover
Screen for structural growth, improving economics, market-share shifts and misunderstood change.
- 02
Understand
Map the business model, competitive advantage, industry structure, management incentives and key risks.
- 03
Model
Build driver-led forecasts, test scenarios and value the business through DCF and relevant market multiples.
- 04
Monitor
Track thesis markers, catalysts and disconfirming evidence as the business and valuation evolve.