- 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.