W. Allen WallaceDec 14, 20187 min readPrinciplesPrinciple 5: Think long-termBy designing repeatable processes, controlling our emotions, and putting the wind of time to the back of our sails, we maximize potential.
W. Allen WallaceMay 2, 20185 min readPrinciplesPrinciple 4: Carefully manage liquidityAdequate liquidity is both an investment function and a financial planning function and is a key differentiator in how Basepoint works.
W. Allen WallaceMar 22, 20186 min readPrinciplesPrinciple 3: Define risk as the permanent loss of capitalRisk: a four-letter word that many people avoid discussing in polite company.
W. Allen WallaceJan 12, 20184 min readPrinciplesPrinciple 2: Invest with a margin of safetyWe always attempt to purchase securities with a margin of safety, and we utilize fund managers who do the same.