We take an opportunistic approach to equities, seeking to identify companies with strong prospects for sustainable growth. The foundation of our approach is the development of a "warranted P/E" for each company based on our assessment of the company's return on capital, comparative growth rate and how long we believe the company can sustain this rate of growth.

Investing involves risk. Some of the information contained in this website is historical. Investors must be aware that past performance is not indicative of future results. This website also contains forward-looking statements, meaning statements of expected or anticipated results or trends. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from expected or historical results.