Wide Moat & Profitable Growth

Investment Philosophy

Our investment philosophy is simple. We stay within our circles of competence and turn every stone to find quality businesses that generate significant cash flow. We find lots of great companies, but we often cannot justify paying a premium for the cash generated, so we are patient in identifying opportunities to deploy capital when the market becomes fearful. We look for management teams with great track records of delivering results and being honest in their endeavors. A great business does not have to use parlor tricks to sell you on anything; their reputation speaks for itself. We don’t research companies because it is our job; we research companies because we’re an odd bunch of intellectually curious individuals who love what we do.

What Constitutes An Economic Moat?

An economic moat represents a durable competitive advantage that a business possesses that makes it difficult for rivals to capture market share and cut into potential profits. Keeping the competition at bay allows companies with wide economic moats to consistently capture greater portions of their economic value, and hence, generate superior returns for their shareholders over the long haul. Seeking out companies with wide economic moats is a strategy widely adopted by legendary investors such as Warren Buffett and Peter Lynch.

Our Top 10 Holdings

Diverse Holdings For Top Tier Growth And Downside Protection

Our Performance vs. The S&P 500

Top 5 Performers in 2017

Alibaba (BABA)
96%
Activision Blizzard (ATVI)
75%
Trex (TREX)
68%
AbbVie (ABBV)
54%
Facebook (FB)
53%

Outperforming The S&P 500!

Grow With Us