We began by managing our own wealth on not finding intermediaries whose interest aligned with ours.
Both the investment approach and return expectations we experienced left a lot to be desired. The former was not always in the investor’s best interest, while the latter promised unrealistic returns. We also realized that many equity research firms base their investment decisions on flawed financial models. They tend to be pro-cyclical and end up churning their portfolios more often than needed. This approach, while beneficial to the intermediary, is detrimental to investors in the long run. This led us to develop an investing framework that helped us achieve good market returns without hyping return expectations. Years of investing our own funds and fine-tuning research, evolved our own investing systems, philosophy and above all– a distinctive school of thought, that we call Global Rational Analysis Framework, or GRAF.