Philosophies
Hedgewood invests across a great many investment classes utilizing a number of investment styles – but they all have the following in common.
We only invest in what we fully understand
If we don't get it, and you can't explain it to us, we won't invest in it.There is no bear market for good ideas
Innovation will not pause in the absence of strong capital markets.Reinforce success
We invest in what works, not in what doesn't. Technology advancements do not need to be revolutionary to succeed, they can be evolutionary.The trend is [not always] your friend
We invest in people and technologies we believe in, not necessarily what the market at large holds in vogue.We invest in defensible brands and technologies
We are in this for the long haul. Hastily crafted, jargon-filled business models jotted onto cocktail napkins do not interest us.We like capital efficient investments
We invest in companies with the ability to produce unencumbered free cash flow.