Our Process

Our Approach: Rigorous. Disciplined.
Time-tested.

We consistently apply the same disciplined approach across all strategies, regardless of the market environment.

1. Screen & Idea Generation
DOES THE BUSINESS PASS OUR HIGH HURDLE RATES?
  • We look for profitable and stable companies.
2. Analyze Past Results
DO WE UNDERSTAND THE BUSINESS AND THE QUALITY OF ITS EARNINGS?
  • We look for companies that have generated predictable and sustainable earnings growth.
3. Analyze Future Opportunities
CAN THE BUSINESS REPLICATE AND EXCEED ITS PAST SUCCESS?
  • We look for high quality characteristics that will enable a company to maintain a high return on equity and moderate leverage.
4. Determine a Sensible Price
IS THE COMPANY TRADING AT A SENSIBLE PRICE?
  • We look to buy and hold shares that are selling below our appraisal of their fundamental business value.
5. Build Portfolio & Manage Risk
ARE WE SELECTING THE BEST NAMES AND WEIGHING THEM APPROPRIATELY?
  • We build concentrated portfolios using a common sense approach to risk diversification.

Watch the video below to learn about our 5-Step investment process.