Philosophy
- Growth at a Reasonable Price (GARP)
- 15% Margin of Safety Minimum
- Use statistical analysis to help guide research
- Go against consensus
- Keep portfolio size small, 10-20 Securities
- Don’t be afraid to go short
- Don’t force an investment
- Have high conviction in your investments
- Take advantage of small inefficiencies
- Invest in quality companies and quality people
- Research smaller and foreign markets