Our firm was built upon the fundamental belief that a well-managed, consistently
growing enterprise is a valuable place to invest. It was our guiding philosophy
twenty years ago – and it is our guiding philosophy today.
We strive to grow and aid wealth preservation for our clients over time by investing
in well-managed companies that have a demonstrated ability to grow sales and earnings
in a stable and consistent fashion. These companies typically generate healthy returns
on capital while maintaining a conservative financial structure. We believe that
buying such companies at reasonable prices can provide above-market returns.
We seek to invest in companies that will continue to meet our stringent investment
criteria over a full market cycle. We do not engage in market timing or momentum-based
trading.
All investments carry a certain degree of risk and an investment in any growth portfolio
should be made with an understanding of the risks involved with owning common stocks
or other equity securities. These risks include but are not limited to market risk
or the risk that stocks will decline in response to such factors as adverse company
news or industry developments or a general economic decline. In addition, certain
growth style portfolios may be concentrated in a specific sector thereby subjecting
the portfolio to additional risks. Growth style investing may fall out of favor
and underperform other styles of investing over any period of time.