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Investment Philosophy

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Character Group Insights Q2 - 2023
Character Group Insights Q2 - 2023

Listen to Tom's conversation with Kiran and Jon from the Character Group Please note that the viewer should not ta...

Portfolio and Market Update Q1 - 2023
Portfolio and Market Update Q1 - 2023

Listen to Tom's review of Q1 2023. Please note that the viewer should not take our discussion and reference to the bu...

Portfolio and Market Update Q4 - 2022 Year in Review
Portfolio and Market Update Q4 - 2022 Year in Review

Listen to Tom's review of 2022. Please note that the viewer should not take our discussion and reference to the busin...

Prepare to Beat the Bear
Prepare to Beat the Bear

Please note that the viewer should not take our discussion and reference to the business, our holding in the business...

Portfolio and Market Update 2022 Q2
Portfolio and Market Update 2022 Q2

Listen to Tom's review of 2022 H1 of our portfolios. Please note that the viewer should not take our discussion and r...

Portfolio and Market Update 2022 Q1
Portfolio and Market Update 2022 Q1

Listen to Tom's review of 2022 Q1 of our portfolios and Tom talks through one of Warren Buffett's favourite long term...

March 2022 Update - Year in Review 2021
March 2022 Update - Year in Review 2021

Year in Review 2021: Listen to Tom's review of our portfolio performance. 2021 proved to be a satisfactory year fo...

We remain long term optimists about financial markets
We remain long term optimists about financial markets

There has always been a reason each year why you should not invest, yet looking back over the passage of time it has ...

Patience is an investment virtue
Patience is an investment virtue

If our facts and reasoning are correct, we will hold a business patiently, even when the stock price does not show mu...

Economic Fortresses
Economic Fortresses

We like to think about our investments in certain businesses as economic fortresses; with the company’s competitive...

Before we purchase, we value the business as a whole
Before we purchase, we value the business as a whole

In our opinion the business value of any company is not derived from the momentum in its stock price or its last avai...

We believe price and value are two separate things
We believe price and value are two separate things

Most people judge the performance or quality of their investments by the short-term movements of their price in the s...

We remain long term holders in remarkable businesses
We remain long term holders in remarkable businesses

A number of years ago we concluded that it was far better to retain our investments in wonderful businesses than try...

Henry Spain Investment Philosophy
Henry Spain Investment Philosophy

We pay little attention to short term economic predictions about the future, for one good reason they are invariably ...