Investment Philosophy

Our investment philosophy focuses on long-term capital appreciation while managing risk and volatility with the goal of achieving superior risk-adjusted returns. While markets and stock prices can be volatile over short periods of time, we conservatively invest with long time horizons and a focus on strong fundamental value. We aspire to achieve returns that meet or exceed benchmarks with reduced risk and volatility.

We invest in high quality companies that tend to be market leaders and market share gainers yet trade at a discount to our estimate of intrinsic value. We conduct an in-depth analysis of every investment, including an evaluation of the market opportunity, competitive position, barriers to entry, management quality, relative value, and financial and operating strength. Our investments focus on businesses with strong, stable cash-flows, healthy balance sheets, high returns on capital, and established track records of returning capital to shareholders through dividends and stock repurchases.