Strategy

We are looking for a sustainable absolute performance

Investing in equities for the long run

Equities are for the long run one of the best possible investments both in terms of performance and risk. Investing long term in equities allows:

• To correlate the evolution of one’s investment with the profitability of the selected companies, beyond stock markets’ short-term moods and emotions
• To benefit from the power of compounding

Holding excellence

Outstanding companies differentiate themselves through:

• A high return on equity
• A competitive advantage sustaining this high return
• A shareholder-friendly management

Buying at a discount

Investing when the share price is trading at a sharp discount to the company's intrinsic value provides both security for the invested capital and financial leverage.