LCC has developed a long-term investment discipline to manage exposure to equity markets while actively controlling risk. Those companies who pass our rigorous screening process are placed on LCC's Review List.
Portfolio managers buy companies exclusively from the list, eliminating subjective decision-making.
Traditionally, professional money managers have relied on a large basket of equities to manage volatility. LCC manages risk by holding fewer securities, following fewer companies and knowing more about each one. Portfolios are typically structured with 15 or fewer securities, and a single holding may represent as much as fifty percent of the total portfolio. Our experience shows that more diversification does not necessarily reduce equity risk or improve performance. Because LCC holds fewer securities, portfolio returns typically have greater volatility than major equity indices.