Small Cap Growth P/Es Relative to Value

Despite all the economic uncertainties, dizzying headlines, and volatilities, the stock market has held up surprisingly well. The overall market, as measured by S&P 500, is 7.1% above its previous record high (Sept, 2018). In a strong market, value investors tend to see fewer opportunities due to higher valuations. However, we haven’t observed a dwindling […]

The Active Advantage

We operate in an area of the market much better suited to active management. There are far more companies to sort through and much less information is readily available. We are true active investors performing in-depth research from the bottom up. Each position is owned because we believe it offers superior upside potential, often coupled […]