Our Approach:
Our attitude may seem old fashioned in a world of hyper activity, but we intend to ignore the crowd so we can grow and compound our patient permanent capital.
We follow two axioms regarding our approach:
As Buffett put in his 1986 Chairman’s letter: “We simply attempt to be greedy when others are fearful and fearful when others are greedy.”
AND;
As Benjamin Graham stated: “In the short run, the market is like a voting machine, but in the long run, the market is like a weighing machine.”