Our Investment Discipline

Our investment discipline focuses on 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 make the best investments. We consider the following questions when determining whether a company is sustainably profitable:

Is it difficult to live without?

Is it difficult to replicate?

Is it difficult to complete with?

Financial Capacity

We invest in companies that have the financial capacity to meet their debt obligations, build up their business through reinvestment, and pay investors a growing dividend stream. When selecting companies to invest in, we ask ourselves:

Can it withstand adversity & remain profitable?

Price-Earning

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

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