We believe success is the culmination of many small wins, one after the other.
Value + Opportunity
Value Investing is a time-tested method that relies on logic and hard work to identify attractive investment opportunities. In practice, our approach entails:
Rational, independent, flexible thinking
Relentless focus on understanding businesses and assets
Determination to seek out opportunities, often in pockets of the market disregarded by mainstream investors
Flexibility to invest outside of public equity markets
The opportunity set is not equally good at all times, and there is not predictability of when and where opportunity arises. We believe there are times to be patient and prepared and times to act, as evidenced by our:
Willingness to concentrate investments in our best ideas for the long term - 3 years, 5 years, and beyond
Discipline to not invest at times when patience is prudent
Conviction to invest with confidence when research and intrinsic value indicate the time is right
Cultivation of long-term relationships to source opportunities
We recognize that building something of value takes time and hard work.