I have been drawn to investments my entire life.

stocks, bonds, cashflows, PE ratios, dividends, etc…

This might be the easiest explanation as to why.

More often than not, there is nothing to do.

And capital allocation has never seemed like work.

The simple shuffling of K-1’s across my desk is a symphony to my ears.

As an operator, doing nothing is never the right strategy.

As an investor, doing nothing is often the right strategy.

— Geoff Lewis (@GeoffLewisOrg) April 1, 2024