Our disciplined fundamental approach identifies mispriced securities.
We have equal competence in both stocks and bonds.
Our methods are effective in varying market environments.
We believe that discipline is the most effective path to investment success;
rigorous processes of historical analysis drive our strategic and tactical
decisions. Reliance on forecasting uncertain future events is minimized, and
consistent application of financial analysis concepts eliminates emotional
decision-making.
In the stock market, there is a close correlation between the value of a company
and its ability to make its business grow. Market history clearly shows that
overpricing and underpricing of security classes, sectors and individual issues
are occurring continuously. By building diversified portfolios of attractively
priced, financially strong companies, we maximize our chances for investment
success.
In bond market activities, we seek yield advantage over benchmark U.S. Treasury
rates, considering many different risk factors in reaching our investment conclusions.
Our efforts are applied equally to all managed accounts so that all clients
receive equal treatment. Within target allocation guidelines, we actively manage
our client portfolios to improve risk/return characteristics.
