Tips by Steven Romick

We try to be cap-agnostic, but we do want businesses that are easier to understand, and smaller to mid-size companies are generally easier to...
Tags: size, business
In general, the best thing for us is to find companies that have really stumbled, but where you can look at their past and understand why they are...
An area we try to mine is busted IPOs. Buying at the IPO often means you’re buying from smart sellers, but we’d much rather buy from dumb sellers...
We don’t benchmark at all. I don’t care if we own almost no financials and I don’t care if we own an excess amount of energy. We’ll go where...
Tags: risk, benchmark, value
I’ll sacrifice some upside in bull markets to protect the downside in bear markets. That provides a valuable service to the average investor who...
One big reason we like to hold cash is that my inherent nature is to feel something better to buy is always going to come along and I want to have the...