We think a lot about how to make things last. It is a key concept for your assets, our relationships, and the securities in which we invest.
But our enterprise here at 228 Main has to endure so we may continue to be of service. We therefore work diligently on its sustainability.
Thinker Morgan Housel wrote about the sources of sustainability in business. Relative to the competition, these attributes provide an enduring competitive advantage:
1. Learn faster.
2. Empathize more with your customers.
3. Communicate more effectively.
4. Be more patient.
These things resonated with us because they represent much of what we strive for. Patience is a prerequisite of successful investing. It is free, but not easy to practice. It also is what lets us be content to work with you at your pace, on your schedule, since we are talking about your money.
You know by now how highly we value effective communication! Listening to you and talking to you in various ways is one of our three core activities. We put a lot of effort into it.
Empathy—understanding what you are going through, where you want to go—is perhaps the key to being able to meet your needs.
We are surprised at how much we are still learning after so many years of experience. In this rapidly changing world, continuous learning is required in order to be able to survive and thrive.
Clients, we are not claiming perfection in any of this. But we are mindful of the things we must do in order to be a reliable partner for you through the years. If you would like to talk about this or anything else, please email us or call.