Baskerville Capital

Partners, LP

Fund Investment Objectives

Long-only value-oriented concentrated investing. The Partnership's objective is to provide a return on invested capital to the Limited Partners utilizing a long-only strategy by purchasing securities at a discount to a conservatively calculated margin of safety. The General Partner derives its approach from the investing philosophies of Ben Graham, Phil Fisher, Warren Buffett and Charlie Munger. As a result, the General Partner does not subscribe to any limits on industry concentration, market capitalization requirements and position concentration.