A disciplined process for long-term success
Our investment philosophy is a tangible, repeatable process that translates our long term perspective into concrete portfolio strategy. It provides the intellectual architecture to identify exceptional global businesses and the patience to own them for the long run.
We dedicate significant capital to identifying deep, structural trends reshaping industries - technological disruption, demographic shifts, and evolving consumer behaviors. Companies positioned to benefit from these tailwinds have significant intrinsic advantages.
Our research analyzes the durability of competitive advantages, quality and integrity of management, robust free cash flow generation, and strong balance sheets. We build a comprehensive understanding that allows us to invest with conviction.
We only consider investments when market price offers a significant discount to intrinsic value. This margin of safety is our most important risk control, providing cushion against unforeseen challenges.
Our portfolios are concentrated, reflecting our highest conviction ideas. Each position is meaningful, chosen because it represents one of the best risk adjusted opportunities in the global market.