Our guiding principles for investing your money thoughtfully

Einstein said, "Everything should be as simple as possible, but not simpler." We agree. Our process of spotting investment opportunities sounds simple. The hard part is having the discipline to be consistent and even-tempered, no matter which direction the crowd is going.

Disciplined investing

The market presents thousands of opportunities each day. But discipline is as much about the opportunities you don’t take. To continue delivering the returns you deserve, we wait for our pitch. We only act on opportunities that we believe are in line with our core mission of providing value to our shareholders.

Flexibility

Staying true to our guiding principles does not mean that we rigidly follow a formula. Based on decades of experience, our process is time-tested and flexible, allowing us to capitalize on different opportunities as they present themselves, treating every opportunity as unique. We're willing to go against the crowd if we think it's the right thing to do, even if it means holding cash until the time is right.

Real results

Some investments are mispriced, thanks to human nature and overreactions to events. Those mispriced assets have allowed us to deliver average annual returns our investors can appreciate. Since there will always be pricing mistakes in the market, our goal is to continue using our disciplined and flexible process to create desirable returns.