Investment Philosophy_

The natural state of things and the financial market in particular is uncertainty. Both market performance and regulatory scenarios are things that change dynamically and over which we usually have no control.

The correct construction of portfolios recognizes that there are things that escape our control and faces these problems as one of decision under uncertainty.

This is a fundamental difference with other investment approaches based on projections or fixed assumptions about the future, which usually do not come true and end up generating wrong results and incorrect risk management.