A short film on our founder's values and philosophy.
We don't chase the market — we are here for the long term. We buy exceptional opportunities worldwide, focusing on high-quality, owner-led businesses available at bargain prices, and we manage our positions with Stoic discipline through market storms.
We invest alongside you, and profit only after you.
Resilience. Patience. Clarity. Staying unmoved while markets swing between euphoria and panic.
Creative perception. Seeing the true nature of reality beneath the surface, from the angle others often overlook.
Discipline without perception sees only what the market already sees. Perception without discipline surrenders to the urge to act — buying and selling on the same fears as the crowd.
Stoetic is both the union, and a daily reminder of our own standard.
We partner with independent-minded individuals, families and institutions to grow their wealth over the long term — in a way they can genuinely understand.
Most of our co-investors have built something themselves and now hold capital that took a lifetime to accumulate. They're not looking for excitement. They're looking for someone whose thinking they can follow, whose incentives point the same way as theirs, and who they can rely on for the long term.
You think in decades, judge a manager by his reasoning and character rather than his last quarter, and want to understand exactly what you own and why.
You need this capital liquid next quarter, or would lose sleep over a portfolio of six positions.
Our founder built and developed companies before he ever bought shares in one — so he reads a business and its owners from the inside out, and understands the details and the struggles.
We're not paid for gathering assets or for showing up. We operate at low cost and earn only when your capital grows past a 6% annual hurdle. See our fee structure.
The principles of value investing are simple. Applying them for years without flinching is the hard part, and that's the part we've built the firm around.
The Portfolio Manager is early in his career, which means the compounding can run for decades rather than quarters.
We come from different backgrounds and exchange our ideas openly. We don't have co-founders or a formal advisory board.
Our founder's own wealth is invested in the same positions, at the same time, under a protocol that puts your orders first.
As an entrepreneur, I learned the unshakable laws of business first hand. 'Solving the puzzle' is what keeps me going — as a businessman and as a person.
In my view, a great investor needs two things: the eye to recognize an opportunity, and the mental discipline to endure the turmoil that comes with holding it.
A partnership like this only works with real alignment — on values, on strategy, and on trust, built through clear and transparent communication. These pages hold our philosophy, our values, and exactly what we offer. If that resonates, I would like to hear from you.
What we look for, what we refuse, and what it costs you.
Getting considerably more than you pay for. And knowing when you have enough information to act — or not.
That's it. Everything else is noise.
Our approach was laid out by Benjamin Graham and proven by Warren Buffett over seventy years. It has survived every market regime since.
Its premise is unglamorous: markets are mostly efficient, but they're run by people — and people panic, chase, and look away. Prices detach from reality in both directions.
We haven't improved on the framework, and we're suspicious of anyone claiming to have. What we bring is a different vantage point.
Some buy greatness. Others buy bargains. We buy greatness at a bargain.
Great means high returns on capital, a long runway, a widening competitive advantage, and owner-operators who build to last.
Bargain means the market has temporarily looked away — good companies hit hiccups, headlines get loud, and occasionally a business whose economics are intact gets priced as though they aren't.
Those windows are rare. When one opens, we take a meaningful position and manage it with Stoic discipline.
Wherever the opportunity is. No restrictions by industry, geography, or company size.
We are willing to pick up what the market temporarily doesn't want to touch. And we say no far more often than we say yes.
Stocks are a piece of a business. Our founder has run businesses and knows the gap between what a company reports and what a company is.
Removed from the noise and uncontaminated by the traditional finance world, he can hold a differentiated view while the consensus shouts otherwise.
Four rules that decide how the portfolio is built — and what never enters it.
We start with the business itself, never with a macro story hunting for tickers.
Five to ten core positions. Enough to matter, few enough to know properly.
One storm shouldn't strike the whole portfolio.
And cash held without apology when nothing meets the standard.
Built to last · RomeAnyone can understand the investing principles. Almost nobody applies them for years without flinching.
Winning is less about doing the right thing than about not being pulled into doing the wrong one. That means rigorous preparation without immediate payoff: reading annual reports for companies we'll never buy, tracking businesses for years before a price makes sense, and turning down opportunities that look good but aren't good enough.
That's the part that can't be taught or outsourced. It's also the part that produces the returns.
Our founder admires Mike Tyson — not for his capital allocation, but for how he fought: manoeuvring into positions where he could land a punch without taking one.
That's the aim. Buy where the downside is already protected, and let the upside take care of itself.
Risk isn't the number of positions you hold. Risk is not understanding what you own.
Modeled on the original Buffett Partnership terms of the 1950s — arguably the fairest arrangement our industry ever produced, and one it largely abandoned once gathering assets became more profitable than growing them.
Not "low." Zero. We are not paid for gathering assets, sending updates, or existing.
Your capital compounds before we earn anything.
Above the hurdle — and only above your account's high-water mark. After a poor year we earn nothing until every prior loss is recovered and the hurdle is cleared again.
Put plainly: if your capital doesn't grow meaningfully, we work for free.
Our founder invests his personal and corporate capital in the same strategy as our co-investors. That alignment raises an obvious question: who trades first?
Client orders are fully executed before a single share is bought or sold for our founder or any entity he controls.
Client capital is never invested in any company he owns or controls.
Both are disclosed in our Firm Brochure, filed with the regulator — not because we were required to write them down, but because deserved trust is the only asset in this business that cannot be bought.
A concentrated portfolio doesn't track the index. Some years we will trail it.
We're not a fit for capital that needs to be liquid next quarter.
We're for people who think in decades and want to understand exactly what they own.
My story actually did not start on Wall Street, which turned out to be my greatest advantage.
Growing up in a small German town, in a charming house by the river, gave me a wonderful childhood and inherently a pretty straightforward life trajectory: landing a job at the biggest factory nearby with — at the time — a seemingly attractive compensation package.
But that path never felt like mine. I was always fascinated by businesses and trying to understand them. At 6, I asked for a vault as a birthday present — clearly for early capital preservation purposes. Together with my brother we opened a museum at our grandparents' house — that's where I made my first investment decision too: buying a rare gemstone to attract more visitors.
Playing around turned into real-life execution quite early. At 15, for the first time in my life I met an international businessman in person — evidence that such a career was actually possible. By then I had already immersed myself in coding, spending most of my time building and sharpening my skills. Just me against the puzzle.
At 16 I found myself in the office of a multi-million dollar company with a request for an app. I was on my own and had no experience, but determination and faith — so I decided to bet on myself.
With that success it became clear: entrepreneurship is in my DNA, and being independent is my oxygen — in business and in thinking. Since then I have built, sold and perfected companies. I saw them from the very inside: every hire, every contract, every crisis and every breakthrough. The highs showed me what is possible; the lows taught me what things really cost. Most of them are still with me today — Onecycle, the leading software provider for Europe's recycling industry, a last-mile delivery software, and real estate ventures — now run day to day by people I trust.
This transition enabled me to give my full focus to what had quietly been there all along: investing. For me it was never a change of career — stocks are ownership pieces of businesses, and business is what I know from the inside. I met the principles of value investing through its giants — Graham, Buffett, Munger — and recognized them instantly. Reinvesting into my businesses, my teams and even the public markets for almost a decade had already taught me the value of the long term and the power of compounding.
For me investing is a quest for Wealth, Wisdom and Excellence. It is the perfect setup for my strengths, interests, experience and personality. It's not just about cultivating intellectual knowledge, but gaining a deeper understanding of oneself and the world. In this pursuit my tools are philosophy, psychology, mythology, faith and literature; my muses are the giants of thought — Goethe, Nietzsche — and the endless beauty of art, music and the created world. The mind's challenges demand harmony of body and soul; mine comes from long-distance running, martial arts and valuable human connections.
The boy with the vault had one more dream: America. I owed him that one — so I brought my entrepreneurial approach to the world's most advanced capital market and founded Stoetic Capital. It is not just another project. It is my calling: to become the best investor I can possibly be — for myself, and for the people who trust me with their capital.
Faizan's story starts with a twist: born in Germany, he grew up in Pakistan from the age of five.
That move — for which he is beyond grateful to his family — allowed him to deeply embrace his cultural background while receiving a first-class Western education, oddly enough in Asia.
School armed him not only with practical knowledge in business, but with an unbeatable ability to focus: lessons ran for hours before the first fifteen-minute break. That, combined with a love of hard work, learning and problem solving, makes him the crucial, reliable member of our team.
Returning to Germany after more than a decade, he built and accomplished many things — university, catering, an insurance business, HR, podcasting — yet something never felt quite right. Too often he found himself in situations where he was asked to compromise on integrity. That was the one price he refused to pay, and eventually it made him walk away from businesses that made money but didn't feel right.
Looking back, he sees it as the path being cleared. Because then came Lauritz — and everything clicked. Today the two partner across several ventures, complementing each other naturally: one charts the course, the other makes it run.
Ask Faizan what actually matters, and the answer is short but deep: family, faith, and work worth doing with a clear conscience.
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We have no co-founders and no formal advisory board. What we have is three people who argue properly and decide clearly.
If you'd like to hear how we think, put a conversation in the calendar.
Our founder's image film. An ordinary working day — the reading, the running, the refusing — and the values that sit underneath every position we hold.
Having run businesses, the gap between the two is obvious. Here is where we look for it — and the three line items that most often hide it.
Preparation without payoff is most of the job. Why we track businesses for years before a price makes sense, and what that habit is actually buying us.
A concentrated portfolio will lag in some years. This is the letter we wrote about one of them, published in full and unedited.
Discipline without perception sees only what the market already sees. The two halves of the name, and why neither works alone.
One minute on the two things that decide an investment: getting considerably more than you pay for, and knowing when you have enough information to act.
Buy where the downside is already protected. A note on position sizing, and why risk is a function of understanding rather than count.
Dallas, TexasPerformance, partnership requirements and the full investor letters are held in the Vault.
Calendly embed slot — this mock-up is replaced by the live scheduler once the link is connected.
Inspired by our founder's sixth birthday gift. Capital preservation has been in focus since the early days.
The Vault holds performance, partnership requirements, and full investor letters. Request access below.
Full history, net of all fees, against the relevant benchmarks.
Minimums, lock-up expectations, and the account structure.
Every letter written since inception, unedited.
Tell us who you are and we'll open the Vault for you personally — usually within two business days.
We use this only to contact you about the Vault. Nothing is shared, and nothing is sold.
Thank you for taking the time to get a sense of who we are.
The Vault holds the rest: our performance, our letters, and what a partnership requires. When you are ready, I would like to invite you to a personal conversation — online, by phone, or in person, whichever you prefer. You can contact us via e-mail, phone or simply book an appointment via the calendar.
That would give me the chance to understand your situation properly before we talk about the next step on a mutual road.
Until then,
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