What Makes Us Different ?
Our Money Is Invested Alongside Yours...
In the same place, in the same stocks. According to Morningstar, most Mutual Fund Managers have little or no personal investment in the Funds they manage. We "eat our own cooking" and have our investable liquid net worth in the Fund alongside yours. As one person summarized our approach, "Every day, you are investing and managing your savings, and letting us come along for the ride".
Incentives Are Aligned To Reduce Conflicts Of Interest...
We are Portfolio Managers, not asset gatherers. Virtually every Stock Broker, Wealth Manager, and Financial Consultant make their money doing the same thing: gathering assets and selling product, or they get fired if they don't. Our structure is designed to avoid those conflicts of interest. We earn a performance fee measured by well your assets are protected and grown in our shared portfolio, not by how much money we bring into a firm.
We Invest Deliberately For Value and Safety...
The portfolio is managed through fundamental research, selecting each individual security through a detailed process. Each company is evaluated on its merits as a stand alone business, only purchasing at an attractive price. It is that discount to intrinsic value that provides a margin of safety.
Read more in Why Value
Only Like-Minded Long-Term Partners Are Accepted...
The Fund is only appropriate for investors with a patient long-term orientation who understand the stock market's ups and downs are inevitable and in fact both necessary and desirable for good investment results. They provide us the opportunity to be smart stewards of capital, allowing us to take advantage of mis-pricings, capturing benefits that compound over years. While Partners may certainly redeem, investments in the Fund are most suited to almost permanent capital. Investors must also meet the SEC's definition of an Accredited Investor.