PHILOSOPHY

Crucial to our philosophy is the power of compounding – high, steady, recurring growth.

Our firm conviction is that share prices follow earnings growth.

Our philosophy’s second tenet is that we should thoroughly know and intimately understand the businesses in which we invest.

Knowledge and understanding demand rigor and commitment.

Our third tenet is that good investment results require sound valuation methodologies.

We have developed ours over a half century of investing.

Lastly, Stewart’s investment philosophy is long-term.

It works best over time as share prices rarely advance in a predictable, relentless fashion. A long-term perspective harnesses compounding growth superbly.  We think in five-year increments and we hold our investments even longer if growth persists.