Portfolio Construction

Don’t miss the forest for the trees. -John Heywood, 1546

Don’t miss the trees for the forest. -Anonymous


Our investment objective is to achieve absolute performance through bottom-up, fundamental research. We have a balanced portfolio of select companies agnostic to the benchmark. Our focus is on ensuring that alpha generation is purely a function of stock selection. We aim to consciously avoid market timing or sector rotation or other such top-down bets.  

We believe that the most fundamental risk is not knowing or fully understanding the idiosyncratic business risk of each company that we own in the portfolio. We manage this risk through in-depth fundamental research. We also strive to understand, monitor, and aim to contain residual factor risks that are a by-product of stock selection.