The London Company views equity ownership in the same pragmatic manner in which a conservative, rational businessman would, if he was buying the entire company.

"Investing is most intelligent when more business-like." – Ben Graham

Our Goal is to Consistently Outperform with the Lowest Risk

Look beyond the Street's near-term horizon with a long-term businessman's approach

• We buy companies with the ability to consistently generate high cash returns on capital.
• We buy companies when they can be purchased at a discount to private value.
• We don't over diversify and dilute performance.

Companies with the highest returns on capital, bought at reasonable valuations, outperform the market.

Why?

• High cash return companies are generally more predictable and are able to consistently generate free cash flow.
• Cash flow can be used to grow the business, buy-back stock, or pay growing dividends.
• Opportunities exist when these companies are trading at a sizable discount to intrinsic value due to the market's focus on short term, but resolvable, problems.