Since inception, the purpose of UPFINA has been to understand the world around us. In order to accomplish this mission, we believe that economics and finance are one of the best tools for measuring and mapping human action and inaction. However, economics and finance are as much an art as they are a science. Therefore, rigid principles and mathematics are just as important as the mere perception of participants. The path towards truth is as much an understanding of ourselves, our own biases, experiences and interpretations, as it is about understanding the reality around us. Your perspective about the past and present is just as important in forming your understanding of the future. In other words, you will find the answers you seek. Instead, our goal is to merely ask the right questions, without having preconceived notions about what the right answer is. The more high quality questions we ask, the better representation of the truth we will obtain.

Economics, The Jigsaw Puzzle

Economics is the measurement of human action/inaction. Interpreting a complex environment is one of the most fascinating and exhilarating processes. Trying to understand the economy is akin to attempting to solve a jigsaw puzzle without knowing what the finished puzzle picture is. Now imagine investing, based upon your understanding of this jigsaw puzzle. As you put each piece of the puzzle (capital, time) into place, you slowly start getting a better idea of the picture. However, if you place a piece of the puzzle incorrectly, this is the equivalent of opportunity cost in the form of misallocated time and money. Furthermore, the more inaccurate your understanding of reality (puzzle picture), the greater the detriment to your ability to compound your wealth over time (complete the puzzle).

Mission Statement

The pursuit of truth in finance and economics to form an unbiased view of current events in order to understand human action, its causes and effects.


  • Never take anything at face value. Be skeptical, but not cynical.
  • Identify and remove hypocrisy – both in philosophy and in practice.
  • Be honest.
  • Sensationalism and satisfactory investment returns do not coexist.
  • Rarely is anything as bad as you fear, nor as great as you hope.
  • Truth is not black and white, but somewhere in the middle.
  • The best investments start with a question, not an answer.
  • Being less wrong has greater value than being always right.
  • Listen to all, follow none.

It is commonly regarded that free advice is worth what you pay for it, thereby please note that we are not advising you.

We do not predict nor claim to predict the future. Our goal is to understand history while inquiring into the progression and significance of events.

Guiding Principle

“Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action, and concerns everybody and everything. It is the pith of civilization and of man’s human existence.” -Ludwig von Mises, Human Action, 1949

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