Investing in Businesses

Left Curve Investing

Left curve means smart enough to know all people are dumb about predicting every eventuality in the future. We can do all we can to understand the world and the best investment strategies but, at the end of the day, all the data and expertise on earth will not help us predict the future with certainty. Therefore, we stick to simple, time-tested, and proven strategies for building wealth and investing in businesses.

We Believe Businesses Should Make Money

This may sound simplistic, but it is often overlooked by many in today’s investment climate. We look for businesses that have top-line revenue and growth. When looking at early-stage companies, we look for those that have a clear path to positive cash flow.

Valuations Based on Revenue, Not Eyeballs

The broken fiat system has corrupted incentives and created over-leveraged structures. That has produced short-term thinking with regard to funding. It also follows broken valuation metrics that have moved away from traditional valuations based on multiples of earnings.

We Penalize Debt

The broken fiat system encourages debt and leverage that is often ineffective in producing returns. We view debt as it should be viewed: a liability.

We Avoid Financial Engineering

We reject Silicon Valley shell games. There are too many businesses based on highly leveraged phoniness. Their valuations are based on users over revenue and other non-additive financial engineering.

We Avoid ESG, DEI, and other Non-Additive Philosophies

We believe in being principled and in investing in what’s important to you. However, we reject non-core energy drains such as ESG and DEI initiatives. Too often they are distracting, political, and inefficient while negatively impacting the mission and bottom-line shareholder results.

We Invest in Businesses that Will Stand the Test of Time

We reject the bland corporatization treadmill of short-term thinking and quick exits powered by leverage and financial engineering. We prefer solid, real businesses built to last and built to withstand turmoil.

Business investment vehicles include public stocks, private equity and startups.

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