We maintain a strict buy discipline: we buy the best companies only when the market presents them at prices that are significantly below our estimate of intrinsic value.
Since high-quality companies like this typically trade at market premiums, our approach often leads to investment decisions when there is a solvable concern within a company, trouble in its sector, or fear is prevalent in the broader market.
Our job is to think differently on behalf of our clients and cut through stock market noise to find what we believe are relative bargains.