Investment Philosophy

We are investors in companies not equity traders. We do not bet on news-flow, momentum or sell-side revisions. That is speculating not investing. As investors we concentrate on the underlying businesses of the companies we own. Over the medium to long term, the growth in the fundamental value of the business will be reflected in the share price. We have a pragmatic approach, not defined by ‘growth’, ‘GARP’ or ‘value’ labels.