BALANCED ACCOUNTS CORE FIXED INCOME
Our equity approach can be considered “Core Equity”, meaning our investments are not concentrated in just a few market sectors, a few industries, or a few company-size ranges. In other words, it’s not highly concentrated in one specific area. This gives us wide latitude to try to find value across most of the equity space.
HERE’S A BRIEF LOOK
“All Cap Equity” Approach
Cross section of large-to-small capitalization companies
Proper industry & sector diversification
Balanced mix of growth & value stocks
Focused on rigorous independent fundamental research
Attractive industry dynamics
Efficient operations that generate attractive returns on investment
Strong management focused on building shareholder value over the long-term
Long-Term Approach
Focused on buying durable businesses that create shareholder value over the long-term
Valuation
Focus on both absolute and relative valuation
PE, PEG, price/cash flow, dividend yield, EV/sales, EV/EBITDA
Buy Discipline
We consider buying a position when we believe the shares exhibit a compelling value for the expected level of risk
Sell Discipline
We consider selling a position when we believe the shares are trading at an excessive valuation, a negative change in industry or company fundamentals has occurred, or an alternative investment exhibits a better value
Diversification
5% In A Security, 25% In An Industry, Daily Monitoring Of Positions
Traditional Financial Statement Analysis
Ratio analysis, earnings estimates, cash flow estimates, growth potential, strong balance sheets
Qualitative assessment of company management
