|
We are
conservative value investors |
| We buy
securities in companies for less than intrinsic
value |
| We
emphasize margin of safety in all our investments,
thereby limiting downside |
|
We
believe investing is most intelligent when it is
most businesslike |
|
Through a professional research-oriented approach,
we invest only where the odds are in our favour |
|
We take
no large risks |
| We do
not sell short, use leverage or margin. There is no
risk of capital loss greater than the amount we
invest |
|
We
believe that price is what you pay; value is what
you get |
|
Markets are not always efficient and present
opportunities for conservative long-term investors
to profit |
