The investment objective is to outperform the broad equity market averages over a market cycle, without taking undue risk. We have demonstrated our capability to do this by executing the following strategy.
A) Invest in small and micro cap companies that are not widely followed by Wall Street analysts. Invest in the common equity of 20 to 50 small companies that have much greater appreciation potential than the overall equity markets.
B) Preserve capital by holding cash during times of adverse equity market environments. This typically occurs once or twice during an economic cycle.
C) May short mid to large cap companies. Our maximum short position is 25% of the total portfolio, but most often is in the 0 - 15% range.