“Value” is a reasonable description of our investment approach.
You can turn a good company into a bad investment if you pay too much for it, and in that sense, we are pure “value managers.”  A good company should be profitable, with revenue and earnings growth, and companies that demonstrate those abilities may in fact have higher “values” and command higher prices. We think the value, GARP, and high earnings growth styles all have something worthwhile to offer, and we try to incorporate those elements in our management.