We approach investing with the philosophy, supported by a long historical background, that current market price is not always an accurate reflection of the true worth of a business. Our essential investing premise is that we can be successful over time by buying high quality companies with solid competitive advantages, run by capable, fair-minded management teams, purchased at sizable discounts from their intrinsic values. We believe that investing in this fashion, over long periods of time (minimum 3-5 years), links one’s return opportunities mainly to the success and growth of a carefully selected group of businesses with superior characteristics. Learn more>>>

Investment Adviser's Review First Quarter 2008