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HOME 2017-12-10T18:40:03+00:00

GENERATING DIFFERENTIATED OUTCOMES

OUR MISSION

To create value for our investors
by generating unique, risk-adjusted returns
that exceed the opportunity cost
of investing in a passive index.

We invest exclusively in rare, wide-moat
businesses that compound free cash flow,
possess the opportunity to produce
high returns on invested capital,
and trade at a significant discount
to their fair value.

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OUR BELIEFS

Capital preservation is
equally important as appreciation

Stock prices follow intrinsic value
over the long term

Intrinsic value is created when returns
exceed the cost of capital

Sustaining excess returns on capital
requires durable competitive advantages

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OUR VALUE

Conviction to be different uncovers
variant perceptions

Consistent and repeatable process-oriented
investment framework

High-conviction and
patient portfolio construction

Owner-oriented culture
incentivizes long-term outcomes

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“If you want to have better performance than the crowd,
you must do things differently from the crowd.”
~ Sir John Templeton

HOW WE ARE DIFFERENT

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OUR INVESTMENT PROFESSIONALS

SILAS A. MYERS, CFA
SILAS A.
MYERS, CFA


Co-Founder
Portfolio Manager/Analyst

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Brian L. Massey, CFA
BRIAN L.
MASSEY, CFA


Co-Founder
Portfolio Manager/Analyst

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JOSHUA J.
HONEYCUTT, CFA


Partner
Portfolio Manager/Analyst

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Jeffrey B. Prestine
JEFFREY B. PRESTINE


Partner
Portfolio Manager/Analyst

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