Mizkif Global runs a concentrated book of public equities, held for years rather than quarters. Conviction is built in the open, tested by the desk, and recorded in full. Here's how a thesis becomes a position.
A name is put forward with a written argument. Specific, falsifiable, and short enough to defend in two sentences.
The desk weighs in: buy, hold, or sell. Conviction has to survive a crowd before it touches capital.
Winning theses are sized to the strength of the vote, not to a model. Strong belief earns weight; doubt earns patience.
The position enters the book, marked daily and visible to every member. Held until the thesis breaks or the price does the work.
We measure positions in years. A book that turns over slowly compounds quietly; one that churns pays the spread to everyone but itself. Time in a good name beats timing a great one.
A handful of names we understand deeply will always beat a hundred we hold by reflex. Diversification is a hedge against ignorance; we would rather remove the ignorance.
Most days the right trade is no trade. Cash is a holding with optionality, and the discipline to wait for the obvious is the edge that survives every cycle.
Each call is timestamped and public: entries, exits, wins, and losses alike. A track record you can audit is the only kind worth keeping.