Philosophy

Stable Investing in Good Markets and Bad

Embracing the Ballast philosophy means seeking to limit downside risk before evaluating upside potential

• History has shown that small- and mid-cap value stocks outperform other styles and asset classes, so that’s where we place our focus
• While our philosophy may lead to lower returns when the market is in a “risk on” mode, research reinforces our belief that high-quality stocks – those that maintain high return on invested capital through proven/durable competitive advantages – lead to higher returns and less risk over a full market cycle (which includes both peaks and troughs)
• Our experience has taught us that long-term investing in value-oriented, high-quality, small- and mid-cap value stocks maximizes the power of compounding and provides a smoother ride