Our Company Principles

Strive for excellence in investment management

Treat our investors as partners and strive for excellence in our dealings with them

We invest our own money alongside our investors

Be conscious of and positively contribute to our local community

Operate profitably and be frugal with our costs

Treat success with humility and failings with honesty

Conduct ourselves at all times with integrity and fairness

Our Investment Principles

Apply an intelligent, valuation-based approach to long-term investing

Strive for excellence in primary research

Focus: we diversify only to the point of necessity to protect us from our mistakes

Avoid permanent losses of capital

Be aware of the extent of our knowledge base and only operate within it

Avoid leverage

Learn from our mistakes

Keep learning from the wisdom of others