The Risks of Concentrated Equity Ownership

At the heart of Blackwater is alignment. We don't believe that one person should be making all the investment decisions. There's not one person, there's not myself as the CIO dictating how we invest across the four portfolios. Rather, their highly experienced teams make their own decisions with oversight. The second point of difference is quality. We really want to own the quality space, the quality investing space.We're just looking at business quality and owning that for the long term"