Your best bet for advice on how to build a great investment firm is to talk to someone who has done just that. In that spirit, we got permission to share the below piece written for aspiring independent stockpickers. It was penned by a very thoughtful manager we know and respect named Rob Vinall and describes how he built his business patiently over many years through compounding, refusing to take shortcuts, and letting the right investors self-select in.
If you have started a fund, whether recently or long ago, please consider sharing a mistake or regret from your early days that others can learn from. (Forgive the cheesy photo, we couldn't resist)