Investment Philosophy

Compound Kings® represent a select group of companies, each meeting specific standards relating to their industry, competitive position, and reinvestment discipline. We buy and hold them for years.

Compound Kings® generate growing cashflow across cycles.

We find Compound Kings® using three key criteria:

Industry

Enduring and predictable return on investment

Insulated from geopolitical and other exogenous risks

Market Position

Leading products with obvious marketing and distribution advantages

Narrow set of competitors with high competitive differentiation

Reinvestment

Ongoing opportunities for high quality reinvestment

Exceptional management that acts as owners

We are long term business owners

Volatility in share prices creates opportunities to make investments below intrinsic value.