Investment Management by First Principles
– We value a stock based on the first principles of:
- Quality of ownership and Management
- Value system and Vision
- Business Model and Long-term competitiveness
- We don’t believe in superficial constructs like value and growth investing. We go by values and numbers.
– Never invest in a company which short-change minority investors or made other financial / governance transgressions
– DCF valuation based on estimate of future cash flows over a very long-term
– We use maths to analyze past investment data to evaluate and continuously refine investment parameters