Our Philosophy

At 43 North Investments, we believe that good investing begins with good thinking—and that doing well and doing good are not mutually exclusive. As students of Phillips Exeter Academy and stewards of real capital, we approach every investment with intellectual discipline, ethical awareness, and a shared commitment to learning.

We follow a long-term, research-driven philosophy, grounded in fundamental analysis, macroeconomic awareness, and active internal debate. Our portfolio is not built on speculation or noise, but on thoughtful ideas presented by our members, discussed collectively, and approved through a democratic vote.

We seek to:

  • Identify undervalued opportunities in public markets with asymmetrical risk-reward profiles

  • Build conviction through research, not trend-chasing

  • Stay humble, reflective, and transparent about our wins and losses

  • Uphold the principle of Non Sibi—investing not just for ourselves, but with an awareness of our impact

Our decisions are not outsourced. They are earned—through reading, writing, conversation, and curiosity. By combining the intellectual rigor of Exeter with the collaborative spirit of our team, we are learning not just how to invest, but why it matters.