Our Philosophy

• We buy companies, not stocks.
   

We invest ‘long-only’ in public companies. We don't need to negotiate on prices.

 

• We plan to invest in each company for several years.

 

 We leave short-term speculation to others.

 

The compounding effect works best over long periods of time, we aim not to interrupt it unnecessarily. 

 

We do occasionally 'trim' a position when it gets clearly overvalued. We sell a company only when we think that the business prospects have faltered.

 

• We do not sell, but invest more when prices get cheaper.

 

Markets rise over time, yet corrections occur frequently. We keep cash on hand and love to buy great companies at cheaper prices.

 

• We monitor our companies, not the stock market.

 

Market corrections have a great effect on human psychology. The short term doesn’t matter to us, unless we can buy a great company at a cheaper price.

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• We invest our own money in our fund. All of it.

 

 The investment results are the same for our partners as for ourselves, since we are fully invested in our own fund.