Strategy
50 / 50 / 50 Framework
- 50% Return on Equity
- 50% Margin
- 50% Growth
Strategy
- Buy the Best Businesses in the World
- Target "Top of the Capital Stack" Businesses with Pricing Power
- High Competitive Moats and Barriers to Entry
- Superior Margins
- Monopoly or Duopoly Business
- Effective Capital Allocation
- Target $1 billion to $500 billion market capitalization
- Selectively evaluate asymmetric risk/reward opportunities (10-1000x)
Company Analysis
- Predictable Earnings
- Organic Growth
- Honest Management
- Focus on high return on equity, tangible equity, and quality businesses