Investment Process

We believe in fundamental investment research and carefully screen databases for companies of all sizes that meet strict criteria for above average growth, profitability, and financial strength, because it is our experience that stocks which outperform often rank highly by these measures. We make selective use of Wall Street research and direct contact with company managements to complement our internal research. From our universe of actively followed stocks, we identify those securities which are attractive for purchase and those which should be sold. An informal office structure facilitates the rapid dissemination of investment ideas and gives us the ability to react to interim events in a timely manner. Portfolios are continuously monitored, with holdings tracked on a day-to-day basis. In our quarterly letters to clients, we inform them of changes in portfolios and selected investment ideas, along with our views on the economy and the markets.