Philosophy
Investment Philosophy
Our investment philosophy consists of four tenets.
IDENTIFY WHAT WE BELIEVE TO BE HIGH-QUALITY BUSINESSES
Provides downside protection.
ANALYZE BUSINESSES FROM A GLOBAL PERSPECTIVE
Deepens our knowledge of companies and their global competitors, suppliers and customers.
INVEST WITH A LONG-TERM VIEW
Enables us to capitalize on market inefficiencies and results in lower turnover.
CONSTRUCT FOCUSED PORTFOLIOS
Results in stock selection being primary driver of relative performance and demonstrates high conviction in each holding.
These principles are based on our belief that investing in high-quality businesses trading at discounts to the team’s determination of their intrinsic values provides the framework for preserving and growing our clients’ capital while seeking to mitigate risk.
Investment Process
Our process neither starts nor ends with valuation.
HIGH QUALITY
Can add value and provide downside protection.
ATTRACTIVE VALUATION
We normalize figures to capitalize on short-term market inefficiencies.
COMPELLING CATALYSTS
The identification of positive catalysts can help us avoid the “value trap”.
