Investment Philosophy

• We believe that putting stocks at the core of an investment portfolio provides the ideal foundation for achieving long term financial goals and objectives.
• We believe that diversification within and across asset classes is an essential element of risk management.
• We believe that capital markets are frequently dominated by short-term thinking and a herd instinct.  This herd instinct creates frequent opportunities to buy securities at a significant discount to fair value. Contrarian investing, trying to move in the opposite direction as the herd, allows us to take advantage of these discounts.
• We believe that implementing this investment philosophy through a disciplined investment process that minimizes emotion creates a significant likelihood of earning above-market returns with below-market risk over the course of a full investment cycle.