We are pretty traditional in our approach toward security analysis. We are always looking for the best of all worlds—growth stocks at a value price. While this is ordinary stuff in this day and age, we have tried here to approach the subject from a slightly different angle, and emphasize analytical concepts that are not traditional.
Investment Philosophy
When Warren Buffett says that Rule Number One is not to loose money, he is serious, and if you look at the record he almost never does. Of the hundreds of stock positions that he has purchased during his life you can probably count on the figures of one hand the number of times a position has ended with a loss. The key to this success is based on buying predicable stocks at a discount to their intrinsic value. If you follow this path and apply a liberal amount of patience you well never have to take a loss. Many times a position will go against you at the beginning. This is were predictability is critical. You have to have faith in the future of the business. If you can trust your judgment you never need to take a loss because it is just a matter of time, of waiting till the price of the stock reflects the value of the business.