WE BELIEVE IN EQUITY INVESTMENTS
We are deeply convinced of the superiority of equities compared to other liquid asset classes. This is since the prosperity of an economy is first and foremost created in companies and stock investments offer the superior way to participate in this source of wealth. We pursue a very clear, value-oriented investment approach and strive to generate sustainable returns on the invested capital. Security and long-term preservation of capital is just as important to us as the profitability and the long-term growth of the assets.
Thereby, the basic principles of good investors, which have not changed over the last centuries, are particularly important to us: Understanding the investment object and applying a margin of safety when investing in stocks.
COMMON SENSE IS MORE IMPORTANT THAN STATISTICS
Due to our conservative approach of investing we are restrained regarding some aspects of the so called modern portfolio theory. Hence, our company analysis is more based on fundamental data and common sense than on statistical measures.
Being an actual investor and not a short term oriented trader, we look less at statistical risk measures that are solely based on price performance, such as: Volatility, Value at Risk or the ß-factor. Instead, in our opinion, the risk of investing in equities primarily depends on the company itself, its market position, its management and balance sheet, etc.
Further information about key aspects of our investment strategy can be found here.