Our Investment Philosophy
Quality businesses have the ability to shape and control their own markets through foresight, and open up new markets with groundbreaking initiatives. Quality businesses adhere to their core competencies, steered by excellent management. They have high free cash flow, an imprimatur of financial strength. And they have durable earnings. Quality has little to do with cheapest price or fastest growth, but rather, with the best potential for consistent growth.
Our investment philosophy is rooted in quality. We believe that strong, risk-adjusted returns can be achieved through investment in high-quality companies purchased at reasonable prices. We use a disciplined fundamental research approach to identify companies with market control, excellent management, financial strength, and consistent growth. We add value through our extensive internal research process whereby we gain a thorough understanding of the companies in which we invest.
Key elements of our investment philosophy:
- Bottom-up stock selection
- In-depth, independent fundamental research
- High-quality companies with sustainable competitive advantages
- Disciplined valuation approach applying multiple valuation measures
- Long-term vision, resulting in low portfolio turnover