We are guided by our business principles and our strategies operate according to our unifying investment philosophy.
Excellence in investing
Our goal is excellence in investing. To us, this means achieving attractive returns without commensurate risk, an imbalance which can only be achieved in markets that are not "efficient." Although we strive for superior returns, our first priority is that our actions produce consistency, protection of capital, and superior performance in bad times.
Proprietary, in-depth research
Adding value in our markets requires a "knowledge advantage" that can come only from proprietary, in-depth research. Our research revolves around enumerating the elements required for success and identifying investment candidates through which we seek to satisfy those requirements.
Commonality of interests
In order to achieve commonality of interests with our clients, we pay strict attention to potential conflicts of interests, avoiding them if possible and dealing fairly with them if not. We put investor interests ahead of our own and treat all investors equally. It is our fundamental operating principle that if our practices are known and transparent, there must be no one with grounds for complaint.
Communication with clients must meet their needs and strengthen our relationships with them. We want every client to thoroughly understand our philosophy, approach, actions and results.