Invest for the long term using fundamental analysis
Buy good companies at discounted valuations. Identify opportunities
that balance both the return OF capital and the return ON capital that
lead to capital preservation and capital growth.
These objectives are achieved by following a disciplined process to determine the optimal portfolio:
Determine intrinsic value of every company in the investment universe
Review stocks with the largest upside to intrinsic value
Review risk controls at the portfolio level
Construct optimal portfolio
Ongoing portfolio monitoring and risk review
Follow a strict buy and sell discipline
Integral to the investment process is a rigorous and continuously improving risk management approach that ensures that intended and unintended risks are understood at both the security and portfolio levels to balance risk and return.