An Offer of Help to Emerging Managers

Key claims

Written for emerging public-markets stockpickers who aim for exceptional returns over decades, the kind of manager MITIMCo looks to partner with. MITIMCo has grown more active in backing newer managers and finds it one of the most productive things it does.
Start from a blank sheet and skeptically question, or ignore, conventional wisdom about starting and running a fund.
New managers, despite the rare freedom of a blank slate, anchor on what others do rather than asking what is best.

Kyle’s filing: An Offer of Help to Emerging Managers by Joel Cohen at MITIMCo #Fundraising

This essay is written with emerging manager public markets stockpickers in mind — the advice and the offer below will be less applicable to those who do something else.
If your goal is to generate exceptional returns over many decades, if you aspire to do something truly great, this essay is for you. You are the kind of person I love engaging with, and MITIMCo looks to partner with.
We have become more and more active in backing newer managers, finding it one of the most productive things we do.
You should start with a completely blank sheet of paper and skeptically question (or better yet ignore!) any piece of received conventional wisdom about how to start and operate a fund.
For some reason, managers just starting out, who have the unique freedom of starting from a blank slate, instead anchor heavily to the conventional. **Rather than asking what is best, they start with what they see others doing and use that as the starting point for their plans. **Investing 101 2.0

One further highlight from this post is kept in the private wiki because it contains the author’s email address.