BEN GRAHAM:
"Always stress downside protection before upside potential."

Our Philosophy

We are value investors. Value investing, which is a set of principles that form a philosophy of sound investing, primarily involves identifying a company's underlying economic value and investing only when its stock price is trading at a significant discount to this underlying economic value. This discount to intrinsic value provides our clients a "margin of safety," which helps to limit the downside in every investment we make. The value investing philosophy fits our character because we believe it is much more important to first focus on the return of our investment before focusing on any potential return on our investment.

The following are the core set of value-based principles that Sire Line Capital follows to protect and grow our clients' assets:

Focus on underlying economic values, not stock prices
Make sure there is a significant margin of safety in every investment
Focus on your best ideas
Stay within your circle of competence
Never speculate, invest
Buy high-quality businesses at rational prices for the long term

We don’t worry about making our portfolios look like an index and trying to minimize performance deviation versus the index. True superior investment performance can only come from portfolios that do not resemble their benchmark.