Our company principles
Strive for excellence in investment management
Treat our investors as partners and strive for excellence in our dealings with them
We invest our own money alongside our investors
Be conscious of and positively contribute to our local community
Operate profitably and be frugal with our costs
Treat success with humility and failings with honesty
Conduct ourselves at all times with integrity and fairness
Our investment principles
Apply an intelligent, valuation-based approach to long-term investing
Strive for excellence in primary research
Focus: we diversify only to the point of necessity to protect us from our mistakes
Avoid permanent losses of capital
Be aware of the extent of our knowledge base and only operate within it
Avoid leverage
Learn from our mistakes
Keep learning from the wisdom of others