- Take care of your people as an end in of itself, and then be amazed by how strongly they show up for you.
- Bias is to hold over long time horizons; let compounding of talent/returns work its magic.
- Never break trust nor compromise on matters of integrity and values. Principles are there for when they’re hard to follow and inconvenient.
- Avoid bureaucracy and perverse incentives. No drive to amass fees for AUM. No pressure to deploy capital when one should stay disciplined/patient. Simple and aligned cap tables.
- Quality > Scale. Prefer to have an impeccable organization, pairing the best people with quality businesses than lower the bar in pursuit of endless growth.
- Create value not just for shareholders but also employees and community. Make customers’ lives better and actually contribute to society and the planet.
- Don’t be chained to your desk. Be an multi-dimensional human with other interests; explore other parts of yourself and the world.