Long-term Thinking
"Investing prudently in the present with an optimistic view of the future"
We want to be long-term owner of assets. We're not concerned about what will take place in the next few months, but how will these investments fare in 5-10 years and beyond.
Risk Management
"The best investors do not target return; they focus on risk, and only then decide whether the projected return justifies taking each particular risk."
- Seth Klarman
Risk management is the foundation of a sound investment strategy. We believe that the preservation of principal and risk mitigation is as equally important as the return on capital.
Quality
"The quality of a business is shown in tough times"
We look for quality assets that perform well not just in good times, but are resilient in the temporary and inevitable economic downturns. Businesses that are a leaders in their field, and will still be around 20 years or more.
Income Generation
"A steady, dependable dividend stream can provide a nice ballast to a portfolio's return."
Investment income is significant because it is the money from which you will live without eroding your principal.
Objectivity
"We view the market's downturn as a temporary decline in the permanent advancement"
At the extremes of economic optimism and pessimism, we look to make objective decisions. We recognize that there are no perfect investments, but we look to put capital to work, acting unemotionally when opportunities present themselves.
