Position sizing
Sizing reflects conviction, liquidity, volatility, time horizon, and the role a position plays within the broader portfolio.
Risk management
Risk is part of every decision.
Capital preservation and opportunity capture are not competing ideas. A disciplined risk framework creates the ability to stay selective, remain adaptable, and act when conditions are compelling.
Core disciplines
Structure before exposure.
Liquidity awareness
Entry and exit conditions matter. We consider participation, depth, and how market liquidity could change under stress.
Exposure control
Single-position, thematic, and asset-class exposure are considered together to avoid hidden concentration and unintended correlation.
Continuous review
Positions are reassessed as prices, information, and the market environment evolve. A thesis must remain earned over time.
A living framework
Defined, monitored, and responsive.
No framework eliminates risk. The purpose is to understand it, define acceptable exposure, and respond as conditions change.
That means knowing what would invalidate a thesis, where liquidity may be limited, and how multiple positions can interact under a shared market scenario.