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Articles: Thoughts from our team and beyond.

Rather than destroying the legacy auto business, Tesla just might be the savior of the very industry I expected it to dismantle.
We’re pleased to announce that our previously private investment partnership, the Long Only Equity Growth Strategy, has transitioned into a more accessible format: an Exchange-Traded Fund (ETF) named The Nightview Fund. As of June 24, 2024, The Nightview Fund trades on the New York Stock Exchange under the ticker NITE. It is available on all …
We believe Exchange-Traded Funds (ETFs) are transforming the investment landscape. They offer a unique blend of the active management benefits of mutual funds, as well as the liquidity of individual stocks. But one of the most significant advantages ETFs have over mutual funds and private funds is their tax efficiency. Understanding the Basics Exchange-Traded Funds …
How to make smarter investment decisions in an age of endless information.
Fact-checking is essential. Detective work is table stakes. Skepticism ensures survival. My favorite journalism credo is this: “If your mother says she loves you, check it out.”
A combination of open software tools, a renaissance in chip design, and overall data center optimization will lower the cost structure of hyperscalers, improving profitability over time.
Idea generation, in the investment business, has always been something of a dark art. Some managers prefer stringent quantitative screens to generate ideas. Others keep a narrow band of expertise and choose only to invest in particular niches. Then there are the generalists, who simply hunt in open territory for the best ideas. Each specialization requires specific frameworks to be successful, but the point is this: idea generation has always been—and will always be—part art, and part science.
“For those of you who know me well, you know that this work—investment research— is all I do. I probably spend 60, maybe 80 hours a week purely on research. Gave up golf about a decade ago. No more meetings. I’ve devoted myself to this enterprise. And I love it.”
The Pitfalls of Reasoning by Analogy…And The 5 Traits of A Successful Investor
How virtual power plants (VPPs) and software are creating new, renewable, and disruptive opportunities for long-term investors.

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