We are enterprise specialists, whose daily task is to increase our understanding of the companies in which we are invested. And we communicate extensively about our findings.
BUT WHY SO MUCH COMMUNICATION ?
Because transparency is a method, not a constraint (let alone a smoking technique) :
- Putting the elements of reflection on paper strengthens the intellectual development;
- Communicating these elements to a third party forces caution and argument, thus underpinning conviction.
Transparency therefore reinforces rigor and prudence, which leads our management to perform well at lower risk.
It is structured around 3 documents which must each support our investors.