Principles

Principle 7: Carefully consider costs

Our mission is to simplify things and make sure that whatever cost you incur provides some sort of return either financially, or mentally.

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Principle 6: Appropriate use of diversification

Discussing diversification in the long shadow of a moderating term like “carefully” may seem anathema to certain investment fanatics.

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Principle 5: Think long-term

By designing repeatable processes, controlling our emotions, and putting the wind of time to the back of our sails, we maximize potential.

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Principle 4: Carefully manage liquidity

Adequate liquidity is both an investment function and a financial planning function and is a key differentiator in how Basepoint works.

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Principle 3: Define risk as the permanent loss of capital

Risk: a four-letter word that many people avoid discussing in polite company.

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Principle 2: Invest with a margin of safety

We always attempt to purchase securities with a margin of safety, and we utilize fund managers who do the same.

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Principle 1: Contrast Investment Versus Speculation

In our estimation, avoiding mistakes is much more important to success than outguessing the competition regarding short-term price changes.

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