Investment Philosophy

Our aim is to achieve superior medium to long term returns with an emphasis on capital preservation. We invest in high quality companies which we believe have good prospects for growth and are selling at attractive prices.

We look for companies which possess a durable competitive advantage and can generate high returns on capital. Other important characteristics we look for include capable management, strong free cash flow generation and financial strength. We combine research from the brokerage houses with our own first-hand research to identify and assess investment opportunities. Company visits and management contact are an important part of this investment process.

We believe patience and discipline are important qualities for an investor. There is no hesitation to hold cash unless we can identify investment opportunities that meet our criteria for both quality and value. We typically invest with a medium to long term view and are comfortable to hold investments through volatile periods as long as the underlying fundamentals of the company remain intact. As we limit our investments to the best ideas, portfolios tend to be fairly concentrated in nature.