success and results
Starvine equates its success to the long term, absolute results delivered to clients rather than the firm’s ability to grow in size or profitability. While market fluctuations preclude the ability to predict one’s investment returns over any short time period, we can be consistent in how logic is applied to make decisions. Moreover, through truthful refection on past errors, we can identify the roots of our mistakes. In doing so, each future decision becomes a benefactor.
It is one’s core principles that provide constancy in an ever changing world that is filled with randomness. In order to achieve excellence, three attributes must be intertwined:
The markets are constantly charged with emotion. Investors who have the necessary know-how to do their own homework, and moreover are comfortable standing apart from the crowd, have a real edge in investing.
To excel in any field, passion is a critical ingredient. Besides being passionate about studying quality companies – ideally trading at a discount to intrinsic value – an investor should enjoy the work so much that he strives to continually expand his knowledge and skills.
Passion for investing is critical, yet a system of decision making must be employed that emphasizes objectivity or the omission of emotion. Market fluctuations render quarter-to-quarter consistency difficult to achieve; however, one can still strive to be consistent in applying logic to decisions.