Portfolio Strategy
We use investment selection strategies based on long-term, empirical evidence of how capital markets price productive assets. This is distinctly different than relying upon the long-term historic returns of various asset classes and employing them in an asset allocation investment process. Our process is based upon a deep understanding of economic analysis, how capital markets work and ultimately how companies create sustainable value for their investors.
The key difference between our investment discipline and asset allocation methods is that we are intently focused on the prospective returns for each investment that we make, whether it be domestic or international equity, bonds, real estate, commodities, or even cash. We are also extremely sensitive to risk management and believe that preserving capital by controlling risk is the best way to achieve superior long term results.
Our strategies are time-tested and rigorously implemented. Most important, our confidence in how we invest allows us to not deviate from our strategies, in turn, giving our investors a disciplined and repeatable process that they can count on indefinitely.