Time-Tested Investment Philosophy and Process

Investment Philosophy

To capture the full benefit of stock selection skill, portfolios should be invested for the long-term, on a conviction-weighted basis, in a concentrated set of best idea investments.

We seek advantaged, wealth-creating businesses that benefit from long-term trends, possess the sustainable competitive advantages to exploit those trends and can be purchased at reasonable valuations.

We believe there is simply no better way to achieve long-term capital appreciation.

Key Pillars of our Investment Process


  • Diverse perspectives foster understanding advantage
  • Reduces risk by minimizing blind spots

Security Selection Drives Returns

  • Long-term trend beneficiaries with sustainable competitive advantages
  • Disciplined on valuation

Long-Term Focus

  • Low-turnover approach with an average holding period of five years
  • Inherently tax efficient

Concentrated, Conviction-Weighted Portfolios

  • Typically 30 (International), 40 (Global) holdings
  • Thoughtful diversification at the security and sector level