We buy clean, high-quality businesses at reasonable prices
We intend to own honest, shareholder friendly businesses. This is the most important criteria as the primary objective is avoidance of permanent capital loss.
A high-quality business is a business which has strong competitive advantages v/s its peers, good capital allocation track record, agile management & a proven history of superior execution.
The endeavour over the long run is to end up owning a collection of great businesses at fair valuations. Once purchased we would ideally like to own these for a lifetime, provided they maintain their greatness.