ABOUT

Stoik Capital is dedicated to expand financial literacy and empower people to take their investment decisions in an informed way.

Capital is more than cash! Build your intellectual capital in the areas of finance and investments.

Here we share our investment beliefs, the investing books and academic research that are on the basis of our approach to investments, and also some articles, that may help you structure your financial life.

It is a work in progress, so there is still a lot to be said! Hopefully we’ll be able to pass on both some important principles and some practical tips.

We will start organising financial mentoring sessions and workshops in 2020 – we’ll keep you posted!

STOICISM

The Stoics taught that destructive emotions resulted from errors in judgment, and that a sage, or person of “moral and intellectual perfection”, would not suffer such emotions.

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What, then, is to be done? To make the best of what is in our power, and take the rest as it naturally happens

— Epictetus

The process we advocate is inspired by Stoicism:

Focus on building and maintaining a sound investment process and be prepared for whatever the market throws your way.

INVESTMENT BELIEFS

• Cycles matter, predictions don’t

• Know what you don’t know and what you will never know

• Understand, recognize and manage risk acknowledging that without active risk there is no active return

• Risk has many dimensions, not just volatility

• Investors and Institutions create biases that can be actively exploited

• You can do more with less; Process and focus trump resources

• An unconventional perspective is a necessary condition to differentiation

• Invest long term and avoid reacting to market and information noise

• Eliminate conflicts of interest with perfect alignment between manager and investor

Learn from the best and remember that creativity is just putting existing concepts together in a new way

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To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework

— Benjamin Graham