Alignment of interests is critical to investment success.  Fewer than 50% of mutual fund managers are invested in their own funds, and financial advisers trying to be something for everyone are forced to work with conflicting goals.

At Laughing Water Capital, our interests are aligned with our partners as nearly all of our personal wealth is invested in our strategy. Further, we seek to invest in companies where management is personally invested in the business, ensuring that their interests are aligned with ours.