Portfolio Advice

Mission

Our investment philosophy is built on the foundation of generating consistent cash flow and cash flow growth. We believe that true financial freedom and security come from the steady accumulation of wealth, not the fleeting fluctuations of market prices.

Guiding Principles

  • Cash flow is king: We prioritize investments that generate reliable income streams, allowing us to sleep better at night and live better during the day.

  • Growth matters: We strive for steady growth in our cash flow, ensuring a brighter financial future for generations to come.

  • Ignore the noise: We focus on our own metrics, not the whims of the market. Our goals are long-term, not short-term.

  • Virtue over valuables: Our ultimate goal is to leave an inheritance of virtue, not just wealth, to our children’s children. Finance is a means to this end, not the end itself.

By living these principles, we aim to build a legacy of financial freedom, security, and virtue that will benefit our family and community for generations to come.

Our Path Forward

With these principles guiding us, we will:

  • Invest in assets that generate consistent cash flow
  • Monitor and optimize our cash flow growth regularly
  • Stay disciplined and patient, avoiding emotional decisions based on market volatility
  • Prioritize ethical and responsible investing practices
  • Continuously educate ourselves on value investing and long-term wealth creation

Definitions

  • Wealth: The production of goods and services that meets the needs of humanity. Capital Record
  • Risk: Safety of principal “under all normal or reasonably likely conditions.”1
  • Return: Current Income, Capital return to owners, Distributed Dividends. Though this “allows for capital appreciation as well as current interest or dividend yield.” 1
  • Investment: “Upon thorough analysis, promises safety of principal and a satisfactory return…uses established standards of safety and value”1

This document was created for informational purposes only. Any content contained on this site is provided as general market commentary and does not constitute investment advice. None of this content constitutes investing, tax, or legal advice. Consult with a legal, tax, or financial professional. This is not an offer to buy or sell any securities. The opinions expressed are solely those of chris-odom.com and do not represent those of any of our affiliates.

  1. Benjamin Graham and David Dodd, Security Analysis: The Classic 1940. Second Edition (New York: McGraw-Hill Book Company, Inc., 1940), 63. ↩ ↩2 ↩3