Quality to us is about investing in highly profitable, market-leading, growing businesses. They create wealth for shareholders by earning a sustainably high ROIC and reinvesting capital at attractive incremental rates of return.

We believe the price we pay matters. That’s why we look to own high-quality, growing businesses that are at, or below, their intrinsic value today.

The businesses we own are resilient to economic stress and to competitive challenges, and adaptable to the changing needs of their customers. Time makes them stronger.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Complexity often sounds sophisticated, but we believe it will undermine our ability to invest well. We believe in mastering simplicity.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.

Quality to us is about investing in growing, durable, wealth-creating businesses. They create wealth for shareholders by earning a sustainably high ROIC and  reinvesting capital at attractive incremental rates of return.