JC Clark Ltd.â€™s investment philosophy is based on a disciplined and opportunistic application of timeless value investing principles. Our bottom-up fundamental approach focuses on identifying investment opportunities in mis-priced securities. Through an in-depth due diligence process, we aim to gain a comprehensive understanding of both industry dynamics and fundamental business characteristics. Principal evaluation benchmarks include demonstrated management strength, significant free cash flow, a solid balance sheet, and high competitive barriers to entry. Our size, flexibility, and broad array of investment techniques allow us to effectively execute on investment opportunities that may otherwise be unavailable to larger, traditional asset managers.
In practice, we execute on an investment opportunity only when we believe a comfortable margin of safety exists. Typically, this requires buying a business at a significant discount to its intrinsic value. Our disciplined and often contrarian approach means that we avoid investment manias and fads and their associated risks.
We believe a consistent and rigorous application of this philosophy will both protect our investorsâ€™ capital and generate superior long-term absolute investment returns.