Goldman Shelby Investment and Trading Team from left to right: Peter Jones, CFA, Shawn Narancich, CFA, Alex Harding, CFA, George Hosfield, CFA, Ralph Cole, CFA, Jade Thomason, Jason Norris, CFA, Joe Brooks, Krystal Daibes Higgins, CFA, Dinesh Kirpalani, Jake Gradwohl, Joe Herrle, CFA, Ezra Kover, IACCP®, Brad Houle, CFA, Blaine Dickason

INVESTMENT PRINCIPLES

know THE ENVIROnMENT

Capital is allocated in accordance with analysis of the global economic landscape.

identify OPPORTUNITIES

Diligence unclouded by emotion often reveals value overlooked by consensus.

manage RISK

Risk must be compensated by excess return or diversified away.

focus ON THE LONG TERM

Catch the cycles, not the turn, and chart a sustainable course.