MISSION & FOCUS

“Our mission is to deliver advantaged investment results over a full market cycle for clients. Our strategies, culture, and business organization fully support that mission.”

- Michael Anderson 
Chief Investment Officer

Investment Philosophy: Intrinsic Value

Proven Approach

Market prices – as caused by the collective emotions of the crowd (such as fear and greed) – create inefficiencies leading to attractive opportunities for the long-term investor

Prices periodically fluctuate above and below their long-term intrinsic valuation (the net present value of discounted cashflow) which occasionally creates advantaged buying and selling opportunities

Proprietary analysis uncovers opportunities to capitalize
Risk management involves a “margin of safety”, stress testing, and avoiding poorly-performing businesses and industries

Discipline, patience and confidence in long-term expectations offers a higher probability of a successful outcome (i.e., alpha generation)

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