Investment Philosophy

We believe that long-term stock price appreciation is based on long-term earnings growth. Sustainable earnings growth is predicated on dominance in an attractive industry. Dominant businesses usually reside in large companies and can produce superior earnings growth and market leadership over long periods of time.

We are owners of businesses, rather than traders of stock.

Our philosophy has produced excellent historical investment results for our clients. Importantly, our firm has consistently delivered these results since 1958 in a wide range of economic and market environments. Today, we employ the same process and investment philosophy which produced our historical results; we believe that our clients' portfolios will be equally successful in the future.

Proven Investment Strategies

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Our Values Drive Us to Excel for Our Clients

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