Conviction Before Capital
Most capital is deployed before conviction is formed. The pressure to put money to work (from limited partners, from partners, from the market itself) creates a bias toward action …
The Principal-Led Difference
There is a structural problem in advisory. The people who win a mandate are rarely the people who execute it. Partners present, analysts deliver. The conviction behind the pitch do…
Why Long Time Horizons Change Everything
The quarter is a unit of measurement, not a unit of value. It is a reporting convention that has been mistaken, over decades, for a strategic frame. The result is a financial indus…