Kadiima Capital manages concentrated, long-duration portfolios for institutions and families willing to trade short-term comfort for long-term compounding.
“We would rather own ten businesses we understand completely than a hundred we understand partially.”
Most institutional money is paid to look busy. We are paid to be right over long stretches of time — which means doing very little in any given year.
We size positions around conviction, not around what a benchmark says we should hold. Our portfolios look unusual — and uncomfortable — in any year you isolate.
Fewer positions, each sized for the difference it can actually make.
We underwrite to a decade and try to forget the portfolio exists for a year.
Our own capital sits beside every client dollar, on identical terms.
Twenty years allocating capital through three recessions and one very long bull market. Started Kadiima after deciding quarterly reporting was the wrong way to measure anything that matters.
Spent a decade underwriting credit before he ever picked a stock. Still reads covenants before research notes. Believes most equity analysts have the causality backwards.
Translates what we do into language that boards and investment committees can act on — without losing what makes it true. Has never once described us as "best in class."