Investment Approach
A Disciplined, Value-Driven Investment Approach
Our opportunistic value strategy targets high-quality businesses that are often overlooked or misunderstood. We rigorously pursue opportunities where significant intrinsic value remains undetected.
Our Philosophy
Guided by Principles, Focused on Results
Our approach emphasizes disciplined investment principles, ensuring each decision aligns with our values of patience, selectivity, and rigorous analysis.
Long-Term Approach
Focused on a 3–5 or more year horizon, our public investment strategy capitalizes on market volatility and differing viewpoints, allowing us to weather price movements.
Concentration
We commit deeply to our best ideas, maintaining 8-12 core positions that represent the majority of our public invested capital.
Downside Protection
We prioritize investments offering a substantial margin of safety, providing multiple pathways to upside potential.
Selective Allocation of Capital
We methodically evaluate both public and private opportunities to ensure we are deploying capital in only the most compelling investments.
Differentiated Approach
Distinctive Methods, Superior Insights
Our differentiated approach integrates meticulous diligence, creativity, and strategic engagement to uncover and maximize value across investments.
Critical Path Diligence
Through rigorous investigative research and in-depth financial analysis, we identify sustainable competitive advantages.
Public/Private Cross-Fertilization
Our combined expertise across public and private markets enables a deeper, holistic understanding of business fundamentals.
Creative and Differentiated Sourcing
Leveraging diverse capabilities and tailored strategies, we uncover unique investment opportunities across market environments.
Strategic and Collaborative Engagement
We earn our influence to engage in informed, constructive dialogue with management teams and boards to enhance investor returns.