The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Kuruvilla: Studies suggest values-driven investing yields 3% annualized alpha
“I think the best studies out there would suggest that there's somewhere in the neighborhood of three percent annualized alpha that the market hasn't captured while controlling for size and market cap and all the standard factors there that is to be harvested.”
Kuruvilla: Public equity investing confers ethical responsibility for corporate actions
“Investing is ownership. Investing confers an ethical responsibility To the owner for the activities of the firm.”
Kuruvilla: Recruiting on pay over mission creates mercenaries who jump firms
“One of the things that I think is so important is that you want to hire people for mission fit and for mission alignment much more so than recruit people on financial generosity or something like that. You can do that, but in the end, what you're going to have…”
Kuruvilla: Eventide avoids me-too drugs and vanity aesthetics like Botox variants
“We tend to be less interested in these Me Too's, these slight tweaks here and there. We're also less interested in products that are gonna be just pandering to aspects of human vanity. There's this whole aspect of aesthetics, which it's just somebody selling a…”
Kuruvilla: Eventide evaluates six internal and external stakeholders using CES-squared framework
“We have made the case that each business has fundamentally six neighbors or six stakeholders, and it's easy to remember. We have this acronym CES squared. There's three internal and three external stakeholders. So the three internal are customers, employees, a…”
Kuruvilla: Eventide launched in July 2008 on $800K friends-and-family capital
“Went around to, as I said, friends and family and raised about 800,000 dollars of just business capital to get the company going. And we launched Eventide in the summer of 2008. Our mutual fund opened up in July of 2008.”