Should you invest with me?
To my partners,
Building on my journey into investing and entrepreneurship, which I detailed in a previous journal, obvious questions arise: Why would I leverage my investment knowledge to benefit others and tirelessly dedicate myself to launching a business that not only grows my own wealth but also others in achieving their goals through money management? Additionally, I would ask, if I have thousands of other investment options, why would I invest with Time Horizon LP? What makes it better than anything else I can do with my money? My answer is multifold but I bring this up because if I were you, I would ask the exact same kind of questions.
Examining the first part, it is true that launching a business focused on money management is not a financial necessity for my survival. Fortunately, my financial situation affords me the luxury to pursue my investment goals without reliance on external capital, allowing me to scale my personal funds at my own pace. I personally believe I possess a diverse array of highly marketable skills, unrelated to investing, that would undoubtedly propel me to success in a conventional career path. Furthermore, by choosing not to pursue this venture, I could avoid unimaginable stress, substantial risk, intense scrutiny, debilitating criticism, potentially crippling liability, and worst of all: irreversible damage to my reputation. The straightforward answer: I am deeply convinced that my long term investment approach has a compelling track record of proven sustained success and by managing a large pool of capital in this manner, we have a high probability of outsized financial return. It can not be any other way. If I did not believe the odds favored success, I would not do this. Additionally, to a large degree, my drive is fueled by the fact that I am confident in my abilities. I have spent a large portion (years not months) of my early life solely focused on this one thing. It is always an advantage to start earlier than everyone else. Finally, investing is a subject that perfectly challenges me academically and psychologically. It’s tough to conceptualize but each day is like a new game; new information flows and it’s up to the investor to rationalize and utilize the information into the most intelligent financial decision. It’s the rule, not the exception to keep learning in this game – ultimately what makes it so much fun. Altogether, with the odds of success firmly in our favor, unshakeable confidence and energy in my ability, and an unrelenting drive to continuously learn and adapt, the path forward is clear: building Time Horizon LP isn't just a good idea – it’s an imperative. The convergence of these elements creates a singular opportunity that can not be ignored and it is time to bring this vision to life.
On the second part, transparency and clarity are at the foundation of the company and you should forever expect that from me. My direct answer is that I don’t know if Time Horizon LP is the best investment for you. The company is not built on raising the most money for vanity's sake or selling an unrealistic future of financial prosperity to scalp extra fees that fill my own pockets. However I plead my case for Time Horizon LP with a few reassuring points: I am not involved in a high risk high reward venture capital approach. We focus on publicly traded American businesses that offer opportunities to capitalize on by the market. My preference is to maintain positions in the companies we buy at a bargain forever and allow compound interest to work for us, not against. My track record is readily accessible with a proven history of successful investment strategy. I am a devoted Warren Buffett and Charlie Munger student and am guided by the timeless value investing principles. What’s more, our interests are deeply aligned – the majority of my net worth will be invested alongside my partners. It is up to you to make your own decision here. The truth is that you do have other options. If Time Horizon LP does not align with your goals, you should invest elsewhere.
Finally, as outlined above, I am deeply optimistic about the company's long-term prospects. And this is exactly the point – this is a long-term partnership not a get-rich-quick attempt. If you are content with average market returns (think an S&P 500 Index fund) or prefer other investment options like real estate, commodities, or cryptocurrencies, that is perfectly fine, but you will have to get involved elsewhere. The key to the culture is ensuring alignment and managing expectations. Let’s be clear: my goal is not to promise unrealistic returns or attempt to 10X your money in 30 minutes – that’s the sales pitch often told by those more interested in selling dreams than delivering results. Instead, I am committed to steady, disciplined growth, built on generating strong returns by identifying and seizing opportunities from market inefficiencies, where price does not always reflect true value. We are hunting for great businesses and that will never change. Thanks for reading.
Kyle Delmendo
Founder, General Partner, CIO