Performance That Compounds

Year-by-Year Performance

Note: Only 2 down years in 18 years (2018, 2022)—both during major market crises. The portfolio recovered and reached new highs within 12-24 months of each drawdown. This is the power of owning antifragile businesses.

The Power of Compounding

At 28.5% annualized returns over 18 years, we've delivered a 110.19x return to our investors. This means $1 million invested at inception is now worth $110.19 million. This is not speculation—this is the mathematical inevitability of owning exceptional businesses and letting compound interest work its magic.

To put this in perspective: 28.5% annualized returns place Michael C. Jakob among the greatest investors of all time. Warren Buffett averaged 20.1% over 57 years. Peter Lynch averaged 29.2% over 13 years. Jakob's 18-year track record at 28.5% is legendary—and we're just getting started.

But we're not satisfied with past performance. Our ambition is far greater: to continue this trajectory for decades to come by identifying and owning the next generation of 100-baggers—businesses that will grow 100x over the next 20-30 years.

History shows this is possible. Amazon grew 1,000x from 2001 to 2021. Apple grew 500x from 2003 to 2023. Microsoft grew 100x from 2009 to 2024. These weren't lucky bets—they were systematic investments in quality businesses with fortress balance sheets, unbreakable moats, and decades of runway ahead of them.

Risk Management Through Quality

Our approach to risk is fundamentally different from traditional portfolio theory. We don't manage risk through diversification or hedging. We manage risk by only owning businesses that are antifragile—companies that become stronger during periods of stress.

Over 18 years and multiple market cycles—including the 2008 financial crisis, the 2020 pandemic crash, and numerous corrections—our systematic focus on quality has protected capital while delivering exceptional returns. While others panic-sold during downturns, our fortress-balance-sheet businesses held firm and emerged stronger.

This is not luck. This is the inevitable result of owning businesses with minimal debt, massive cash reserves, pricing power, and economic moats so wide that competitors can't touch them even during economic downturns.

Built for Decades, Not Quarters

Our 18-year track record of 28.5% annualized returns is not the result of market timing, sector rotation, or speculation. It is the inevitable outcome of owning exceptional businesses at fair prices and holding them through multiple market cycles.

We measure success not in quarters, but in decades. Our concentrated portfolio of quality compounders is designed to deliver sustainable, risk-adjusted returns while preserving capital through any economic environment. The proof is in the performance: 110.19x returns over 18 years.

The businesses in our portfolio are not just investments—they are ownership stakes in the companies that will define the next century of human progress. This is how generational wealth is built. This is how you turn $1 million into $100 million, and $100 million into $10 billion.