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W. Allen Wallace
Dec 14, 20187 min read
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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W. Allen Wallace
May 2, 20185 min read
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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W. Allen Wallace
Mar 22, 20186 min read
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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W. Allen Wallace
Jan 12, 20184 min read
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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W. Allen Wallace
Oct 6, 20175 min read
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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