We seek to achieve superior long-term investment returns while minimizing volatility and risk. To accomplish this goal we invest in high quality companies operated by strong management teams at market prices that are below our assessment of their intrinsic value.

We are value investors. We believe that future free cash flow determines business value. We strive to identify and purchase businesses when their market price is significantly less than our cash flow assessment of their true value.

We purchase companies of high quality. We define quality companies as those that possess sustainable competitive advantages that result in consistently high returns on capital and sufficient free cash. These companies must be operated by capable management teams, who possess the ability to generate high returns on capital in future years.

Our philosophy is governed by a disciplined investment methodology which results in a concentrated portfolio of quality businesses trading at reasonable values.

©2009 Clarkston Capital Partners