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.
Step 1
Managing against the potential for permanent capital loss is deeply embedded in our investment approach, beginning with our bottom-up investment criteria.
Step 2
Portfolio construction is 100% bottom-up and benchmark agnostic, with strict portfolio guidelines.
Step 3
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 management
12%Growth as Price/Value gap closes
12%Total Return
24%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.