Pedro Escudero began his career at Lehman Brothers, one of the most prestigious investment banks in the world. From day one, he developed a passion for fundamental analysis and deep company research. He earned his MBA with honors from the prestigious Duke University, graduating Summa Cum Laude. A sophisticated education that reinforced his analytical rigor and global vision of financial markets. The 2008 financial crisis became the greatest learning experience of his career. While others fled, Pedro identified extraordinary opportunities and reinforced his conviction in the long term. Years of studying the great masters — Buffett, Munger, Graham — and hands-on market experience crystallized into a proprietary investment philosophy: concentration, quality, and patience. Investing is not a sprint but a marathon where discipline and intellectual independence make the difference. The market rewards those who have the patience to wait and the courage to act when no one else will. In 2017 he launched his own Hedge Fund, his first independent investment vehicle. From day one, returns and intellectual independence were the pillars of the project. While markets collapsed during COVID, the portfolio proved its resilience. Discipline and the quality of portfolio companies allowed not only to withstand the storm but to accelerate returns. Nine years later, Pedro has multiplied the initial capital by more than four times, achieving a cumulative return of 17% annualized, establishing himself as a benchmark for value investing in Spain. With an extraordinary track record as credentials, he founded Silverway Asset Management. An independent asset manager with the ambition to offer discerning investors excellence in wealth management. We only invest in companies with durable competitive advantages, capable of generating sustainable cash flows in any environment. Thinking differently is uncomfortable but necessary. Intellectual independence is an indispensable condition for achieving different results. We don't invest for activity, but out of conviction. We prefer not to invest rather than invest poorly.