Investment Strategy

Ray’s vast knowledge of industries and companies is vital to his success. He leverages his own independent research with extensive outside research. He searches for companies throughout the world that meet his proven criteria. He exhibits patience and considers your risk tolerance and relevant tax consequences.

We believe our edge over many firms is our emotional intelligence. Many investors make decisions based on emotions, then apply logic to support their decision. When investors react hastily, or in fear, they are likely to regret it. Our experience allows us to think objectively, rationally and as conservatively as the market dictates. Often our portfolios have a lower beta than the S&P 500 which helps manage volatility and risk. 

It is challenging to find the right balance of investments and risks in a portfolio. Ray obtained this skill from his expansive knowledge and 40+ years of experience with various investment cycles. You certainly do not want your portfolio managed by someone who is “experimenting” with your assets while you assume all the risk.

As a value and growth investor, Ray focuses on many factors, including competitive advantage (low-cost producer, proprietary intellectual property, global brand), proven management, barriers to entry (marketshare leader, patents), low price to intrinsic value, and high growth industries to name a few.

Temperament is key when evaluating any financial asset. Ray uses his expertise to seek opportunities with attractive return at below average risk. He tends to buy lower beta investments which can produce above average yields at below average risk.

We view investing in companies listed on international stock markets as a way to diversify government and geographic risk. The U.S. encompasses only about 25% of the world’s stock market capitalization. We realize that some of the best investment opportunities lie outside the U.S.