The thinking behind the model

Every step.
Open to scrutiny.

From evaluating a company to constructing a portfolio. Explore the rules, the assumptions, and the examples behind the simulated model.

Start with the process. Then judge the results alongside their risks and limitations.

We score every name through six independent lenses before deciding anything.

The same six lenses are weighed differently depending on how far ahead we're looking.

When the wider market is in trouble, we shrink position sizes across the board.

A stock has to look attractive compared to other names in the same industry, not just versus the market as a whole.

Once everything is ranked, we pick the top names and give each an equal share.

A name that drops just outside the cut is kept in the portfolio. Only a real fall pushes it out.

If a position has drifted only slightly from its target weight, we leave it alone.

Every trade is taxed by an estimated spread cost, the same as a real account would pay.