BBLACKTHORNE INDUSTRIES

06 — The Long View

Blackthorne is being built deliberately.

Small enough to be honest. Serious enough to be credible. Ambitious enough to feel like something much larger is being built.

Not built around one opportunity

The individual business may change.

Blackthorne is built around the capacity to identify, develop, operate, and own productive opportunities over time. The long-term philosophy does not change.

Long-term value comes from building real businesses, serving real customers, creating real cash flow, and reinvesting over time.

Early. Focused. Serious. Built for the long view.

Core Principles

Four principles. Every decision.

01

Productivity

Focus on businesses and assets capable of producing real economic value.

02

Ownership

Build toward ownership of productive capacity.

03

Discipline

Make decisions with a long-term perspective.

04

Compounding

Reinvest strength into additional productive opportunities.