Old City Equity was founded after a series of highly successful early trades during a strong market upswing. Encouraged by immediate and unearned confidence, the founding partners:
- Increased position sizes
- Expanded into assets they didn't understand
- Began using phrases like "macro environment" unironically
Shortly thereafter, market conditions shifted.
Today, we remain committed to:
- Holding positions we no longer believe in
- Avoiding realized losses at all costs
- Logging in less frequently



