Our long term investing approach focuses primarily on bottoms-up fundamental analysis with a contrarian tilt. We believe in tactical strategies directed towards taking advantage of market mispricings that lead to value opportunities.
Asset prices reflect expectations for future risks and financial performance. Our task and objective is to anticipate revisions in those expectations, and to understand the components that are “priced in”.
Our investment process focuses primarily in:
We try to identify the psychological flaws and behavioral weaknesses inherent in the investment process that could be a largely self-imposed handicap when it comes to making an investment decision.
We are monitoring inherent technical factors that might affect the value of an asset. Financial markets are complex systems in which one has to analyze the interconnected relationships between the actors in the systems. We refer to “Plumbing” to describe “what is going on underneath the lid” in these complex systems.