Many firms and analysts see the market in one way, through one lens. We are different. We understand that the market is a dynamic, ever-changing landscape, and that the challenge is finding consistency within this ever-shifting current.
We also know that no magic formulas exist and that success depends, to a large extent, on disciplined application of a verified process. We believe that, to consistently outperform, it is necessary to recognize paradigm shifts and to apply the right tools at the right time. Consistency of results demands both consistency of process and flexibility to respond to shifting market regimes. Essentially, the challenge is understanding what changes and what does not change.
We draw from the best of many disciplines. While our approach is rooted in technical analysis, we work hard to correct many of the errors of traditional technical analysis which can be highly subjective and untestable. However, a technical process with an enduring edge brings many strengths, one of the most important of which is that it forces us to confront the reality of the market as it is. Assumptions, projections, biases, and emotion take a back seat to the message of price action.
Understanding when macroeconomic factors and fundamentals can identify critical shifts in behavioral context can transform a reading of the news and current events. Emotion, noise, and confusion can be clarified within a process that identifies significant inflections. Our data-driven approach has proven effective over decades of practical application.
A few key points in our investment approach and philosophy:
Though there are many paths to investment profits, our unique approach is a blend of technical, fundamental, quantitative, and statistical analysis and human discretion. We face modern markets fully aware of their capacity to innovate and evolve, but we also understand what elements of human behavior in markets have not changed for hundreds of years. We tie the core concepts of our methodology to those enduring elements of price behavior, and have no reason to believe our methodology will cease to be effective anytime in the next hundred years.