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WCM Investment philosophy centers around four principles:
- NEVER OVERPAY: To make the "list", a stock must be selling at the price below its long-term value relative to the market and the industry.
- PICK SECURITIES NOT MARKETS: Rather than trying to predict economic movements or trends, we focus on bottom-up fundamental analysis, one company at a time.
- VALUE INVESTING REQUIRES PATIENCE: We make no attempt to "time the market". Rather we focus on finding tomorrow’s investments and holding them for 3-5 years.
- KNOWING WHAT YOU OWN: We make a practice of company visits and "kicking the tires", no matter how remotely located those visits might be.
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