Starfort Capital seeks to invest based on the premise that investing in companies with attractive business characteristics at good prices will lead to an above average return with below average risk. The validity of this approach has not changed since the dawn of capitalism and it is unlikely to change in the future.
Our focus is to own a relatively small number of core investments purchased at a substantial discount to their growing intrinsic value. We look for such opportunities where the value is and not where we wish it was, across multiple geographies and industries.
In doing this we hope to achieve strong returns with a reduced level of risk as measured over a 3+ year period of time principally by investing in companies with:
- Predictable economics
- Strong business attributes (high returns on capital and pricing power)
- Competitive advantages with substantial barriers to entry
- High earnings yields
- Capable and well-aligned management teams
- Low levels of debt
- Market prices at less than 60% of their growing intrinsic value
