We believe the markets are much less efficient at assessing risk than reward. As such, the following principles define our approach:
- Long-term perspectives with primary focus on downside protection
- Singular, proven investment process across all strategies
- Research-driven approach utilizing proprietary Balance Sheet Optimization
- Concentrated portfolios with high active share and low turnover
- Ownership culture with material co-investment
Our goal is to maximize investor return and minimize any potential loss by applying these principles in a disciplined and pragmatic process. We rely on facts, not speculation to purchase high return, predictable companies at significant discounts to intrinsic values.