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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.
W. Allen Wallace
Apr 1, 202117 min read
15 views


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.
W. Allen Wallace
Apr 5, 20198 min read
13 views


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.
W. Allen Wallace
Dec 14, 20187 min read
10 views

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.
W. Allen Wallace
May 3, 20185 min read
5 views


Principle 3: Define risk as the permanent loss of capital
Risk: a four-letter word that many people avoid discussing in polite company.
W. Allen Wallace
Mar 23, 20186 min read
12 views


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.
W. Allen Wallace
Jan 12, 20184 min read
11 views


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.
W. Allen Wallace
Oct 6, 20175 min read
21 views
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