We capitalize on inherent market inefficiency.

There is a systemic failure to account for positive randomness and a bias against cash flow compounding. We leverage the mathematical certainty of compounding returns over extended timeframes.

Market participants focus on the short-term — market myopia — creating opportunities for patient investors focused on the long-term.

We find high-quality small cap companies.

Our definition of a high-quality company is one that has a set of enduring attributes that result in strong and reliable cash flow, sustainable growth and superior risk-adjusted returns.

We believe that management quality is the primary driver to small business success. Astute management decisions have direct and immediate impact on a small cap company’s performance and establish long-term corporate and industry quality.