We bridge leading financial research and practical investment management for individuals and families who understand that price is what you pay, and value is what you get.
Our investment thinking, driven by fundamental valuation and rigorous academic research.
The largest technology companies are locked in an AI arms race, spending hundreds of billions on infrastructure they cannot afford to forgo. History suggests that when every competitor is forced to make the same massive investment, the primary beneficiaries are consumers and smaller companies — not the investors footing the bill.
Read the full publication →Our latest quarterly analysis examines the interplay between growing fiscal deficits, record corporate profits, and AI's transformative impact on future equity returns.
January 2026Market melt-ups, stretched valuations, and the AI narrative — what it means for your portfolio.
October 2025Exploring the history of the CAPE (Shiller PE) ratio, how it's calculated, and why its average has shifted over decades.
August 2025Passive investing has exploded over the past decade — but is it distorting stock prices and squeezing out returns?
July 2025How markets navigated the turbulence and what the recovery tells us about forward returns.
July 2025We prompted Perplexity Labs to create a DCF for NVDA, MSFT, GOOG, META, AAPL and more — the results may surprise you.
July 2025Proprietary models grounded in rigorous academic research drive every investment decision — not trends, not hype.
Speak directly with decision-makers. No layers, no call centers.
You stay in control of your money. Invest right alongside the firm's principals and their families — no lockups, no hidden fees.
We are not part of a brokerage firm. We do not sell other products or services. Our decisions are driven only by what benefits our clients.
Shaun Cornell
Rob Arnott, Bradford Cornell, Forrest Henslee, Thomas Verghese
Bradford Cornell
Bradford Cornell
Bradford Cornell, Shaun Cornell
A rare combination: a CFA charterholder, a Stanford PhD and UCLA professor with 125+ publications, and a technologist with deep value investing expertise. Three perspectives. One disciplined approach.
Meet the TeamPresident & Co-Founder
Strategic Advisor
Investment Advisor & Co-Founder
We work with individuals and families who value rigorous analysis, transparency, and direct relationships.