Process

We concentrate on managing equity portfolios representing primarily small and mid-cap U.S. companies whose attributes favor exceptional, long-term investment performance.

Three attributes in particular are essential to our stock selection process: (1) every company we select has to represent an industry experiencing rapid secular or cyclical growth, (2) the company must possess superior characteristics across a broad range of managerial, operational, product, and marketing criteria, and (3) its stock has to be available at an attractive valuation.

We believe that this approach will enable us to achieve consistently competitive investment performance over time. That belief has been borne out.

2017 Form ADV Part IIA