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We seek out companies that are well managed, as evidenced by sustained high return on invested capital, that are attractively priced. We believe the basic tenets of our long term investment strategy include:
| buy Quality | Find companies that have a durable comparative advantage, are financially strong, and are well managed by smart and honest people |
| buy with knowledge | Attain comprehensive understanding of the object companies |
| buy on merit, not market | Focus on the company - its history, current positioning and long-term prospects - not current market conditions |
| hold for long term | Buy companies that are ‘great becoming greater’ with the aim of holding them indefinitely |
| benefit from dividends | Dividends add a consistent cash flow component and are a key driver of total return |
| solid sector | Low correlation to other equity managers, particularly growth style |
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