We design portfolios that account for your circumstances, centered around a long-term perspective, transparency and communication.

Client portfolios tend to include a diversified collection of stocks, bonds and an increasing allocation to private investments that have been historically only accessible to large institutions like pension funds.

 

elderly couple sit at table shaking hands with a lady across from them
 

Guiding Investment Principles & Beliefs

  • Truly high-quality businesses with durable competitive advantages are rare.
  • Filter out the mediocre…narrow the investible universe to a select group of potential investments.
  • Over the long term, shareholder returns are linked to growth of cash earnings.
  • We think of risk as permanent loss of capital, not volatility.
  • Stock prices experience far more volatility than the underlying value of a business.
  • Temporary “mis-pricings” are often attributed to short-term thinking and shifts in sentiment, not fundamentals.
  • We aim to use volatility to your advantage, occasionally becoming a shareholder of a wonderful business where it’s obvious that share price is temporarily disconnected from long term potential value.
  • We look to invest alongside management teams with aligned incentives and proven capital allocation decision-making.