The Return to Rationality

Why all true investing is value investing, the importance of patience, resisting momentum-driven markets, maintaining discipline through volatility.

Why our commitment to a single investment philosophy, uncommon co-investment, true active management and experience have generated attractive returns versus the benchmarks over nearly half a century

Why are Financials attractive now? Financials are the cheapest sector in the market, yet have the strongest balance sheets in their history, growing market dominance, record net income and an improving regulatory environment.