Our approach to investment is straightforward: we seek simple, great ideas, situations where there is a clear catalyst to drive value.
JBS Investments is a value-oriented, fundamental investor which:
· Invests globally in strong businesses with sustainable competitive advantages
· Invests opportunistically in situations that are in transition
· Concentrates the portfolio in a limited number of investments
· Conducts detailed proprietary research
· Maintains a long term time investment horizon
Our approach to investing is characterised by:
Our world view maximizes our universe of available opportunities. We are not limited to local stock markets and maintain the freedom to invest wherever we find the most compelling value globally.
SITUATIONS IN TRANSITION
Difficult investment conditions allow us to succeed as investors. Only in adverse environments do outstanding companies sell at low prices. We historically have invested in companies, countries or industries that are going through periods of transition or crisis and are out of favour and misunderstood as a result.
A LONG-TERM PERSPECTIVE
Our analytical horizon is measured in years rather than quarters. As a result, investment success depends paying the right price for the right company. We invest patiently with a long-term perspective, which provides us the flexibility to withstand volatility and wait for value to be realized.
We believe that an investment approach that emphasizes fundamental value will achieve consistent absolute returns and safeguard capital regardless of market conditions over the long term.
CONCENTRATION RATHER THAN DIVERSIFCATION
A deep knowledge of the companies in which we invest mitigates our risk and concentrates our success. This by necessity demands a highly concentrated portfolio.