We believe that wealth creation is a long-term endeavour. Our investment philosophy has been refined through decades of investment and has proven itself through a number of cycles. Despite being a short term custodian of our client’s funds, we will not speculate in order to generate excess returns.
Our investment philosophy is built on the belief that the economics of a business drives long-term investment returns. Investing in sustainable, high quality, growth businesses that have the ability to generate predictable, above average economic returns will produce superior investment performance over the long-term. Betting to double your money is the quickest way to lose it and as a result we look to invest in strong franchises as opposed to popular ones.
However, we won't just buy an equity position in companies because they exhibit the above characteristics. A disconnect exists between price and value which requires discipline in the price paid for earnings. The combination of purchase discipline and the appropriate investment due diligence is crucial to ensuring long-term investment success for our clients.
Our investment philosophy over arches everything that we do. If you’d like more information on how our philosophy is applied to our activities in listed or private equity investing please don’t hesitate to contact us.