Investment Philosophy
The future course of investment markets is uncertain. We
believe that all investors make mistakes when making
decisions under conditions of uncertainty. This leads
them to incorrectly forecast asset returns and risk.
These mistakes are exploitable by us.
A rigorous, structured and disciplined investment process will maximize the potential to exploit profit-making opportunities presented through the mistakes of others. We use our own Intrinsic investment decision making process (the Intrinsic Process) to analyse investment markets and securities to identify and capture profit making opportunities.
Our aim is to maximize portfolio returns over the long term, subject to client risk preferences. Our desire to do so means that we hold no preference for one type of security over another. Thus, we have no bias toward a single investment style.
Moreover, it means we can build portfolios tailored to our client’s preferences rather than they accept our preferences. Portfolios can be constructed to be exposed to certain types of securities. For example, we can build a portfolio of value stocks, or growth stocks or a blend of both. If the client needs income, then we will devise a portfolio of higher yielding securities.
Some investors may prefer “out of fashion” companies – what we call fallen angels – and this can be accommodated. We believe that diversification of portfolios by holding a spread of investments reduces risk. We hold only quality securities and our focus is on researching the top 200 largest companies.
These mistakes are exploitable by us.
A rigorous, structured and disciplined investment process will maximize the potential to exploit profit-making opportunities presented through the mistakes of others. We use our own Intrinsic investment decision making process (the Intrinsic Process) to analyse investment markets and securities to identify and capture profit making opportunities.
Our aim is to maximize portfolio returns over the long term, subject to client risk preferences. Our desire to do so means that we hold no preference for one type of security over another. Thus, we have no bias toward a single investment style.
Moreover, it means we can build portfolios tailored to our client’s preferences rather than they accept our preferences. Portfolios can be constructed to be exposed to certain types of securities. For example, we can build a portfolio of value stocks, or growth stocks or a blend of both. If the client needs income, then we will devise a portfolio of higher yielding securities.
Some investors may prefer “out of fashion” companies – what we call fallen angels – and this can be accommodated. We believe that diversification of portfolios by holding a spread of investments reduces risk. We hold only quality securities and our focus is on researching the top 200 largest companies.
