Our investment philosophy follows consistently the Value Investing style of Warren Buffett and Charlie Munger.
Therefore, we are investing in undervalued quality companies with a margin of safety. This gives us the advantage to remain calm even in difficult situations. Our selection of investments can be described accordingly to Buffett`s characteristics as follows: "We only invest in a company if we
(1) understand the company's business,
(2) the long-term prospects of the company are good (proven and long-term profitability, good returns on
invested capital, little or no debt, attractive businessmodel)
(3) the company is managed by competent and honest managers and
(4) is very attractively valued. "