Stocks But how?

In search of young elephants We look for great businesses that have
the potential to grow for a long time.

Rigorous selection We invest concentrated in 10 to 20 businesses
that we have analysed carefully and
that we aim to hold long-term.

Equanimity If you know the true intrinsic value,
you don't need to lose sleep
over the stock market.

We are value investors.

Our letter to investors