Durable Competitive Advantage

We look to invest in profitable businesses operating in niche areas with competitive moats.

Economic Moat

Find companies with a durable competitive advantage or “secret sauce” that differentiates it from competitors.

Purchase companies with assets that have scarcity value that could be attractive to strategic buyers.

We stay away from “buggy whip” businesses which risk obsolescence in the immediate future.

An industry with which we are familiar and whose long-term business characteristics we feel competent to judge.

We make no attempt to pick the few winners that will emerge from an ocean of unproven enterprises.