Nightingale Investment Philosophy
Tradable assets are almost always mispriced in some way. The confluence of unequally distributed information, different analytical techniques and different assumptions make the collective wisdom little more than an average of millions of opinions.
Acknowledging what you don’t know is a necessity to be a great scientist or a great investor. From our perspective, not knowing with precision what a company’s future cashflows, the right discount rates to use, etc. frees us to focus on what we can identify more clearly. This clarity is the key foundation of our risk assessment, portfolio construction and company research.
With that backdrop, we try to simplify our approach by seeking assets that will serve our clients well.