The Most Important Decision
What companies are deserving of our time and attention is the most important decision we make.
We strive to invest in the great companies of tomorrow ― those that will continue to be successful in their efforts to gain, and maintain, a competitive advantage.
Beyond the detailed financial models we create for each investment, we endeavor to understand the companies extremely well ― what drives management, critical success factors, competitive advantages, and the focus on value creation.
Once a company is fully vetted and added to the portfolio, we expect to own the position for a very long time.
Our Investment Process
Searching for the very best companies in North America
- High-quality management teams
- Intelligent, understandable businesses
- Sustainable competitive advantage
Our deep-dive fundamental process uncovers the highest quality companies to invest in:
We look to own the optimal amount of every security.
The weight we hold in a specific security is directly proportional to four key factors:
- Market capitalization (liquidity)
- Attractiveness (valuation)
- Conviction on the business model
- Correlation to other investments