At Wilby Securities ("WS") Investment Management, we adopt a cautious approach to equity investing, guided by consistent, objective, and rational decision-making. Our portfolio is subjected to a rigorous application of comprehensive investment criteria, with the primary aim of delivering attractive risk-adjusted results to our clients over the long term.
Our key guiding principles are as follows:
- Invest in well-established, cash-generative businesses that are leaders in providing essential products and services.
- Demand that investments be acquired at a discount to our estimated intrinsic value* (a margin of safety** in the stock price) at the time of purchase.
- Limit the number of invested companies to minimize the impact of unforeseen company-specific issues, and select only those companies that meet stringent business and valuation criteria.
- Adopt an ownership perspective, holding stakes in businesses for extended periods to facilitate wealth compounding and reduce transaction costs.
Explore how we incorporate environmental, social, and governance (ESG) considerations into our bottom-up investment approach.