Competitive Protection
We seek to find durable companies that can resist competitive forces and thereby produce high and enduring profitability.
Brand/Reputation
Network
Effect Scale/Cost Advantage
Benchmarking Standard
High Customer Switching Costs
Barriers to Entry / Unique
Asset Low Obsolescence Risk
Effect Scale/Cost Advantage
Benchmarking Standard
High Customer Switching Costs
Barriers to Entry / Unique
Asset Low Obsolescence Risk
Owner-Oriented Management
We favor management teams that think and act like long-term owners.
Cultivates Competitive Advantage
Rational Capital Allocation
Considers Stakeholder Interests
Rational Capital Allocation
Considers Stakeholder Interests
High Quality Business
High Quality Business
Together, our evaluation of these elements determine if a business meets the KAR definition of high quality.
Protect and grow market share
High economic return on capital
Business returns > shareholder returns
High economic return on capital
Business returns > shareholder returns
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