We believe that markets are mostly efficient and that securities are fairly valued. We seek opportunities where we believe the market is inefficient and where temporary imbalances exist in terms of price. Such opportunities typically occur because of behavioural biases that lead markets astray. We try to exploit these persistent behavioural biases.
We apply a disciplined, long-term orientated opportunistic value approach to our portfolio selection and are committed to producing attractive positive long-term returns irrespective of market returns. We fundamentally believe that good businesses make sound investments only at bargain prices