QUICK ADJUSTMENT: Our strategy requires the macro vision to see beyond economic cycles based on our micro understanding of and relationships with companies within our investment universe. ANTE CAPITAL is constantly in the process of evaluating and adjusting investment themes to account for innovations and shifts in a particular sector, creating a cyclical process with a constant eye to the future and new opportunities the fund can trade.   OUR INVESTMENT PHILOSOPHY: Is the set of core values that provide the foundation for our approach in our fund: Discipline, Flexibility, Analysis, Humanism, Innovation, Evolution, Vision, Insight, Passion, Relations and Experience.   ABILITY TO HOLD CASH: Being able to hold large amounts of cash allows us to be patient. Ante Capital will wait for the right opportunities in exceptional businesses, rather than being forced to invest in mediocre ones. Cash also allows us to protect capital in a downturn, while having purchasing power at a market bottom. AT ANTE CAPITAL, WE AIM TO INVEST WITH A DECADE-LONG INVESTMENT VIEW: Over this time period, sales and earnings power growth drive ~90% of equity returns (i.e., fundamental business performance). If we can understand the drivers of the high incremental ROICs, this is what will drive higher earnings power, and therefore intrinsic value growth in the future.    For ANTE CAPITAL it’s not worth the time looking for “catalysts” to get multiple expansion or understand why other investors will pay a higher multiple for the company in the future. A BETTER RISK-ADJUSTED RETURN OVER TIME: By understanding the underlying returns / unit economics of projects the companies are investing in, and buying these businesses at a good price.