Investment philosophy and process
Our investment philosophy has evolved over the years, supported by the ideas and teachings of Warren Buffett and Charlie Munger. We fundamentally look at the companies behind the actions and treat the capital market as just a means to achieve our goal: to be partners in high-quality companies and managers, providing returns high above the opportunity cost of our clients.
Our investment process has two outstanding characteristics: focus and discipline. We focus our time and attention on a list of companies, organized by sectors, that are in our circle of competence. We follow these companies methodically and we have among them a ranking outlining those in which we are shareholders, those that we may invest in, those that we are still studying, and the various others that we follow because they are competitors or similar to those of the first three groups.
Discipline is in the decision-making process, especially in investing, when looking for a gateway to a horizon of high returns, in addition to a good margin of safety, which can come in the form of a share with a discounted price or a company with the potential to deliver results far above the current ones and not yet priced by the market. Once the investment has been made, we follow this company very closely and become truly long-term shareholders.
The fact that we have an investment portfolio built over the years gives us the necessary peace of mind to deeply analyze any new idea and use high standards of choice, avoiding unnecessary mistakes.
Investment philosophy and process
Our investment philosophy has evolved over the years, supported by the ideas and teachings of Warren Buffett and Charlie Munger. We fundamentally look at the companies behind the actions and treat the capital market as just a means to achieve our goal: to be partners in high-quality companies and managers, providing returns high above the opportunity cost of our clients.
Our investment process has two outstanding characteristics: focus and discipline. We focus our time and attention on a list of companies, organized by sectors, that are in our circle of competence. We follow these companies methodically and we have among them a ranking outlining those in which we are shareholders, those that we may invest in, those that we are still studying, and the various others that we follow because they are competitors or similar to those of the first three groups.
Discipline is in the decision-making process, especially in investing, when looking for a gateway to a horizon of high returns, in addition to a good margin of safety, which can come in the form of a share with a discounted price or a company with the potential to deliver results far above the current ones and not yet priced by the market. Once the investment has been made, we follow this company very closely and become truly long-term shareholders.
The fact that we have an investment portfolio built over the years gives us the necessary peace of mind to deeply analyze any new idea and use high standards of choice, avoiding unnecessary mistakes.