Strategies

Our focused investment strategies. Each has a chip that appears on every stock pick we tag with it.

Value

Value Investing

Finding companies trading below intrinsic value through rigorous fundamental analysis.

At its core, this is rigorous financial analysis. Read the statements, estimate what the business is actually worth, and only buy when the price is meaningfully below that value. Price is what you pay; value is what you get.

What we want
  • Durable ROIC above cost of capital
  • Strong free cash flow and balance sheet
  • Capital-disciplined management
  • Meaningful margin of safety to intrinsic value
What we avoid
  • Story stocks and momentum chasing
  • Businesses outside our circle of competence
  • Leveraged recoveries with narrow survival odds
  • Value traps — cheap for a reason
Insider Buying

Abnormal Insider Buying

Following unusually large, clustered, discretionary insider purchases — especially into weakness.

Corporate insiders file Form 4 within two business days of any trade. When several insiders buy meaningful amounts of their own stock — discretionary open-market purchases, into weakness — it's one of the cleanest conviction signals in public markets.

What we want
  • Cluster buying — 2+ insiders in a short window
  • CEO / CFO open-market purchases
  • Large relative to salary or existing stake
  • Stock down 20%+ from highs; small / mid cap
What we avoid
  • Option exercises, grants, tax withholding
  • Token "optics" buys too small to matter
  • Founders buying when already in control
  • Stocks that already ran hard pre-buy

2 of 6 strategies published. More approaches coming.