We invest in Quality. While others may claim to do the same, we believe our definition of “quality” is different. It is disciplined. It is uncompromising. It defines who we are.
Quality = Differentiated businesses with exceptional economics
We seek to own differentiated businesses with enduring competitive protections, favorable long-term prospects, and exceptional economic characteristics. We invest in companies which we believe have low business risk as identified by certain financial characteristics—consistent and profitable growth, high returns on capital, strong free cash flow, and a low organic need for external financing. And we look to buy these companies at attractive valuations to strengthen our investment strategies.