Investing in high quality companies that are managed by owner-operators. The process and people are the same as our MidCap strategy, but they're applied to an expanded opportunity set that...
"The idea that owner-operators are better is simple. Adam Smith wrote about it more than 200 years ago. Academics call it the principal-agent problem. Yet most investors still overlook it."
- Bill Nolin, CFA
"A business with a competitive advantage has time on its side. As Warren Buffett noted so many years ago, 'time is the friend of a wonderful business, the enemy of the mediocre.'"
- Tom Rozycki, CFA
"Our long-time horizon underlies everything we do. It's why the competitive advantage is so important. It's why we care so much about management teams being aligned with us."
- Hans Vander Plaats, CFA
20 Feb 2018