Persistence Before Mastery

We have all heard the phrase ‘quality over quantity,’ right? Well, I recently heard the statement ‘quantity before quality’ and really appreciated it. Before mastery, one must persist through a substantial quantity. A child’s first shot at the basketball hoop is poorly formed and only miraculously made. People are not born master pianists. A true Read more about Persistence Before Mastery[…]

Selection of Business Partners

Much has been written of selecting an investment manager. What about managers selecting investors? Some of my favorite authorship on this subject is from Warren Buffett in his 1960’s partnership letters. In these annual letters he repeats the concern about compounded costs incurred by employers of large institutions who overlay their own reputational risk upon Read more about Selection of Business Partners[…]