How We Invest
We believe in knowing our investments. Our strategy is to have a generalized core position grouping and to branch off of that to the extent that our clients are comfortable. We use our own in-house hard work in order to determine the best opportunities. Those opportunities are reviewed and we determine whether to initially purchase, add, hold, or sell. We are long term investors however we will invest tactically given various event driven opportunities.
Investing is hard work. To be able to block out the noise from what is relevant can be especially difficult. It takes a near endless amount of patience, great discipline, and resolve. Nothing guarantees success. Our philosophy, mindset, process and culture help us focus on getting the odds in our favor.
It pays to have contradictory qualities. You have to have firm belief in your convictions and the flexibility and willingness to change your mind when you realize you are wrong as well as the stubbornness to not do so when you remain confident in your principled conviction. We often concentrate our portfolios around our best ideas yet diversify because it’s good common sense to do so. It pays to be skeptical and learn from the lessons of history knowing that things do happen with regularity that have never before taken place.