We view risk as the possibility of permanent capital loss. We look for competitively entrenched, well-managed, publicly traded businesses selling at discounted prices to help drive our goal of generating superior long-term absolute returns and minimizing the risk of permanent capital loss.
Managing against the potential for permanent capital loss is deeply embedded in our investment approach, beginning with our bottom-up investment criteria.
Portfolio construction is 100% bottom-up and benchmark agnostic, with strict portfolio guidelines.
We actively monitor our portfolios to manage risk at both the individual stock and portfolio level.
Value growth driven by strong business moat and skilled management12%
Growth as Price/Value gap closes12%
This illustration does not reflect performance of any particular security. Actual investment performance and returns are not guaranteed. “Margin of Safety” is a reference to the difference between a stock’s market price and Southeastern’s calculated appraisal value. It is not a guarantee of investment performance or returns. The P/V ratio represents a single data point and should not be construed as something more. P/V does not guarantee future results, and we caution investors not to give this calculation undue weight.