We invest in companies with a favourable balance of risks and opportunities. Our process examines three pillars: company fundamentals with a focus on quality, stock characteristics including valuation and momentum, and the external environment with attention to thematic tailwinds and headwinds.
We believe quality is the primary driver of long term value. In the long run investors are rewarded for owning quality businesses, but overpaying can be painful in the short term. Valuation matters, yet it is behaviourally driven and mispricings can persist for extended periods. To improve entry and exit discipline we incorporate momentum, assessed through both price and earnings trends.
We're excited to share our insights with you, and we hope you find them useful in your own investment decision-making and your advice to your clients. We would love to hear any feedback or requests for coverage - just get in touch using the email below.
The Longwalk Research team