Our investment ethos

A rising income stream creates wealth over the long term.

Our 100 years of collective experience has enabled us to learn from multiple market cycles. Based on this experience, it is our opinion that the most effective way to manage and build wealth is through one simple statement: "A rising income stream creates wealth over the long term." We focus on rising cash flows and on the long game.

We implement our investment philosophy by employing value investing - an investment strategy popularized by the “Oracle of Omaha,” Warren Buffett. We embrace the ageless tenets of value investing, which include the following:

Insist on a margin of safety

  • Focus on buying quality businesses with high returns on capital and a track record of returning capital to investors
  • Look for businesses that have a distinct competitive advantage
  • Be patient and take a contrarian view to the “herd,” especially that of the media
  • View risk as a permanent loss of capital, not just a number
  • Be leery of leverage
  • Avoid investments that we do not understand or that lack transparency

Disciplined investing

These core investment beliefs allow us to help our clients by crafting portfolios that seek to generate consistent cash flows. We believe that this helps our clients “stay in the game,” regardless of what the market does on a daily basis. It is important to us that we are not a black box – our clients can see and understand everything they own and each holding is chosen specifically for the client. We hold diversified portfolios of high-quality equities and are willing to hold cash while we await opportunities.

A personalized approach

We serve as your investment office, developing customized portfolios with the foundations of patience, discipline, and a long-term approach. We manage each client portfolio on a personalized basis. Our portfolios don't chase returns by investing in assets that are the current trends; instead, we invest in assets typically depressed by a nearsighted marketplace.