By Sydney Van Vierzen
At a recent dinner, the topic of long-term performance came up. A great question came from a partner who’s been invested with us since our early days:
“You’re coming up on your 15-year anniversary. 95% of managers underperform over that type of time frame – what did you do differently?”
I defaulted to talking about our investment approach – the idea of having a proprietary insight and buying growth without paying for it. It was a very unsatisfying answer for both of us. It didn’t explore the reasons why we could generate those insights in the first place, or give confidence that we’d continue to come up with such proprietary insights going forward.
Our investors deserve a proper answer to this question. We don’t always get second chances, so I’m taking this opportunity to share the answer I should have given to the partner.
Read the rest online: EdgePoint 2nd Quarter Commentary 2023
or download it here: Q2 EdgePoint Commentary 2023 – PDF