Lasting relationships depend on open, direct, and honest communication.

  • Listen first.
  • Keep conversations focused, positive, and productive.
  • Build consensus about goals and priorities.

Not all businesses are created equal.

  • Identify enduring businesses that can stand the test of time.
  • Focus on income, the first and most predictable return.
  • Drive portfolio total return by being disciplined about value.

Success is achieved by aligning values, goals, and actions.

  • Translate goals into measurable actions.
  • Prioritize, organize, and simplify.
  • Be accountable and adaptable.