I am naturally curious. When something interests me, I go deeper than necessary.
A company is rarely just a company. I want to understand how it makes money, why customers choose it, what gives it an advantage, how management thinks, and what could disrupt it. The same curiosity applies to businesses and to people.
I enjoy connecting seemingly unrelated things. Accounting teaches discipline. Investing teaches patience. Entrepreneurship teaches resilience. Governance teaches skepticism. Life teaches humility.
A personal philosophy
Ownership matters more than activity.
Being busy is not the same as creating value. I increasingly prefer owning something meaningful over simply participating in something large.
Long-term thinking is a competitive advantage.
Most decisions are made around immediate outcomes. Some of the most valuable decisions are made with a much longer horizon.
Money is a tool, not the destination.
Money creates optionality — the ability to choose. But beyond a point, accumulating more money without knowing what it's for becomes an empty exercise.
Businesses are ultimately human systems.
A spreadsheet cannot explain everything. People, culture, incentives, leadership and decision-making often matter more than the numbers suggest.
Good investing requires patience.
You don't need to have an opinion on everything. You need to recognise a good opportunity when it appears — and have the patience to wait when it doesn't.
Simplicity is underrated.
Complexity often creates the illusion of intelligence. The ability to make something complicated understandable is much more valuable.
Reputation compounds.
Money compounds. Knowledge compounds. Relationships compound. So does reputation. The decisions you make today often determine the quality of opportunities available to you years later.
Building takes a different kind of commitment.
Advising someone else's business is fundamentally different from putting your own name, money and reputation behind something. Building teaches you things theory cannot.
The most important question I keep asking is: what am I missing?
Conviction without skepticism becomes dangerous. When I look at a business, I want to understand how it makes money, what gives it an advantage, how much capital it needs, what happens if my assumptions are wrong, what the market is pricing — and what could disrupt all of it five years from now.
Where my head is right now
Building
Bion Advisors.
Studying
Businesses, markets and the economics behind them.
Thinking about
Ownership, wealth, career, business, and what "enough" really means.
Investing in
Businesses I understand, and situations where I believe the future is being undervalued.
Writing about
Money, business, investing and life.
Trying to get better at
Thinking clearly. Saying less. Doing better work. Choosing better opportunities.
I don't have the complete answer. I don't think I need to.
I know that I want to keep learning, keep investing, keep building, keep meeting interesting people, keep understanding businesses, keep creating things that last — and hopefully become a little wiser along the way.