Tony Deden: Idea of exclusion

“The first principle I operate from is the idea of exclusion. I exclude whole swaths of things from my universe of things. I think that, in the whole world, there are probably 150, 200 listed companies that I would even consider owning a piece of. It’s a completely different way of looking at the world…. I think that when you start examining what it is you own—what happens if you’re on a ship and it’s going down, and you’re in your cabin and you have five minutes to get out, to get up to the deck. You look at your possessions that are sitting in your cabinet and you say, what’s worth taking with me? Not very many things, is it? And this is what I did, in essence.”

—Tony Deden.