Investors often focus on shorter-term horizons. But company economic performance follows much longer-term cycles. Due to these different timescales, the market often underestimates the ramifications of positive change. We exploit this inefficiency by:
Applying Disciplined Financial Models to identify companies with long-term growth prospects not yet recognized by the market.
Applying Qualitative Fundamental Research to confirm there are true fundamental reasons for the improved growth outlook that are sustainable
Applying Patience to allow time for inefficiencies to be resolved. Sometimes in portfolio management, the best course of action is to stay the course.