“We never invest in a business we do not understand”
cit. Warren Buffet
INDEPENDENT RESEARCH
Our methodology is based on in-depth study of individual companies. We exploit valuation asymmetries between stock market price, overlooked catalysts, inflection points and poorly understood long-term competitive advantages.
RATIONAL AND REPEATABLE PROCESS
Our management strategy is based on the search for valuation mismatch, i.e., companies whose price is largely underestimated by the market. We exploit asymmetries between stock market value and the value of the business, investing only in cases of significant upside vs. the risks involved.
ACTIVE
Independent from the benchmark, used only as a reference for measuring results.
FLEXIBLE
The portfolio is restructured according to changing economic and financial conditions.
OPPORTUNISTIC
We exploit times of volatility and market stress, as they generate the best opportunities.