Our Investment Discipline

Our investment discipline focuses on buying durable businesses that can withstand adversity and remain profitable over the long-term. We use the following three investment pillars to guide our investment decisions.

Sustainably Profitable

We believe durable businesses are best positioned to deliver long-term value for our clients. When we assess whether a company is sustainably profitable, we focus on these core questions:

Is it difficult to live without?

Is it difficult to replicate?

Is it difficult to compete with?

Financial Capacity

We invest in companies with the financial capacity to meet their debt obligations, reinvest in their business, and provide investors with a growing dividend stream. When evaluating an investment, we ask a straightforward question:

Can the company withstand adversity and remain profitable through different market conditions?

Price-Earnings Ratio

We evaluate the price-earnings ratio of durable businesses to ensure we pay a discounted price for a great investment. In short:

Great companies only make great investments if the price is right.