Strategies/Equity Strategies
FOCUSED EQUITY - Philosophy
We believe that over the long term, markets recognize value, but in the short term, deviations from the underlying intrinsic value of a company can occur. We buy companies:
- Trading at a discount to our proprietary estimate of intrinsic value
- Focused on increasing intrinsic value
In addition, we believe that focusing on the most attractive stocks and taking greater active positions can amplify alpha. Therefore, our focused equity strategy holds 15-25 of our best stock ideas.