Apply Philosophy

Our investment philosophy is a set of core beliefs and observations that have been with us since our founding in 1982. The benefits of this mindset have been reinforced and refined by our experience and the investment decisions we have made over time.

  • Value investing is the heart of our investment philosophy. We look for stocks that trade at a discount to their intrinsic value.
  • Corporate culture matters. We seek to invest with management teams who understand the importance of empowering employees, delighting customers, and rewarding shareholders.
  • Investor psychology plays a major role in determining the right time to invest in or to avoid certain stocks.