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The fundamental principles of our general investment philosophy, which are epistemic humility and pragmatism, permeate all of our work. You’ll identify them as the recurring trait, a “leit-motif”, in all of our portfolios. Both principles reflect our conviction that having a responsive awareness of the limits of one’s own knowledge and acting accordingly helps to mitigate the cost of negative outcomes and to adapt to actual circumstances. Such conviction propels us and guides us to achieve our goals responsibly.