Our founder has 17 years’ experience in equity research and corporate treasury, including roles at a Fortune 1000 companies and multi-billion-dollar asset managers. As an equity analyst covering many different sectors (consumer, healthcare, technology, basic materials, industrials), he picked up some ugly battle scars and dealt with various management team “styles” and capital structure regimes. These scars, over time, yielded the know-how to identify mispriced securities across multiple industries and points in the economic cycle. Experience working closely with CFOs, IROs, and buy-side PMs (both long-only and multi-manager “pods”) furnished the toolkit to distill the quarter-to-quarter nuances of management messaging to the Street. Consequently, pattern recognition ("we think we have seen situations like this before") remains critical to our investment process today.