Markets are volatile

Investments are subject to risk of loss

Sticking with a robust strategy during drawdowns can be challenging

Selecting high quality companies at attractive prices is hard

Natural behavioral biases, such as loss aversion, overconfidence bias, confirmation bias, and price anchoring can magnify investing mistakes

Our approach

We specialize in a value-oriented investment process designed to generate attractive returns and endure multiple markets and business cycles. ACML only invests in deeply researched high-quality opportunites with the power to compound. Finding these hidden nuggets of gold for your portfolio is what we excel at.

1
Rigorously analyze business model and operating performance

2
Pay attention to the price paid for an investment

3
Take a long-term view and allow investments time to compound

4
Exploit volatility to add to investments when the market throws up attractive opportunities

5
Monitor investments closely and exit when business fundamentals deteriorate

We invest in high quality compounders

We distill proven investment principles into a success formula that optimizes your portfolio, mitigates risk, and maximizes tax advantages.

Invest in deeply researched high-quality companies with the power to compound.

‘Business owner mindset’ towards investments – an approach steeped in meaningful lessons learned from 25 years of managing money and owning and operating family businesses.

Invest alongside clients and are solidly aligned with our clients’ interests.

Synthetic leverage

Inspired by Warren Buffet’s successful use of insurance float to compound capital at Berkshire Hathaway. ACML seeks out superior businesses with ‘synthetic leverage’ run by talented managers who wisely reinvest external funds to generate excess return.

PUBLIC HOLDING COMPANIES
Opportunities for significant value creation through intelligent capital allocation, as market often does not fully price in the value of subsidiaries

INSURANCE FLOAT
Invest insurance “float” in addition to their own capital to generate higher returns on investments

ALTERNATIVE ASSET MANAGERS
Invest 3rd party assets under management in addition to their own capital to generate significant recurring fees to enhance returns on investments

MARKETPLACES
Capital efficient – leverage the work/inventory/costs of others and Powerful winner-take-most network effects

ROYALTY INCOMES
Leverage business partners to collect high margin recurring royalty income

COMPANY WITH ANCILLARY INCOME
Leverage strategic relationships with customers to cross-sell high margin services

Investor letters

Our quarterly letters provide detailed discussions on how we manage the master portfolio

VIEW LETTERS