Over the long term, we believe earnings growth and future earnings expectations are the primary factors influencing returns. Therefore, we focus our efforts on identifying those companies that are in the best position to produce above average future earnings growth. Purchases are limited to stocks that do not currently reflect these companies' growth potential.

We look for the leading companies in strong industries. Key characteristics of our holdings are: above average earnings growth, quality management teams, pricing flexibility, industry leadership and strong balance sheets.