We minimize transaction costs and taxes by holding securities for the long term.
We search for low risk, high reward situations. Generally these will be small-cap or micro-cap companies that operate in a sector we believe likely to grow in the future and that have the necessary ingredients to compound to a mid-cap, big-cap or beyond.
We invest in businesses that have strong moats where competition is sparse.
We only select businesses that have a long potential runway for growth at attractive rates of return on invested capital.
We strive to focus our capital in 5-10 core positions.
We do not actively trade securities but will utilize options to increase returns around our core positions.