Our investment philosophy blends the value discipline championed by Warren Buffet and Benjamin Graham with an opportunistic eye for catching industry megatrends. Our core analysis focuses on fundamental metrics, valuation multiples, and competitive positioning, deploying a mixture of qualitative methods such as SWOT and Porter’s Five analyses, and quantitative techniques such as Discounted Cash Flow and Comparable Companies valuation. We aim to discover superior performers that are being underappreciated by the market either because of speculative movements or hidden value. After identifying excellent companies trading at discounts, we utilize a margin of safety to further minimize risk while maximizing upside potential. Since we are managing an endowment fund, we avoid the speculative swings of the market in order to focus on the discernment of real
value.
Therefore, we enter our positions for the long-term, and incorporate proven, dividend aristocrats into our portfolio to provide consistent cash returns and the liquidity necessary to weather market downturns. However, our value approach does not inhibit us from capitalizing on growth opportunities. While we avoid speculative investing, we do seek out companies that are fundamentally distinguished but also competitively positioned to take advantage of industry shifts. Through exceptional research, we are able to capture industry shakers before the market prices in their full potential. Our portfolio is positioned to reap the benefits of major developments such as Cloud Computing, the Internet of Things, and the revolution in semiconductor architecture. This double play of value and opportunity allows us to preserve our endowment capital while benefiting from the decade’s biggest innovations.
Therefore, we enter our positions for the long-term, and incorporate proven, dividend aristocrats into our portfolio to provide consistent cash returns and the liquidity necessary to weather market downturns. However, our value approach does not inhibit us from capitalizing on growth opportunities. While we avoid speculative investing, we do seek out companies that are fundamentally distinguished but also competitively positioned to take advantage of industry shifts. Through exceptional research, we are able to capture industry shakers before the market prices in their full potential. Our portfolio is positioned to reap the benefits of major developments such as Cloud Computing, the Internet of Things, and the revolution in semiconductor architecture. This double play of value and opportunity allows us to preserve our endowment capital while benefiting from the decade’s biggest innovations.