Our Philosophy

 

We believe that excess investment returns are achieved by taking a long-term, value-oriented approach to investments based upon detailed, fundamental research. When considering investments, our primary concern is to select quality companies that are priced conservatively.

 

Long Term: Investing means buying ownership stakes in companies, not buying and selling pieces of paper. You need to give management time to build the company. We tend to hold our positions for 4-5 years, holding some companies for much longer.

 

Fundamental: We want to understand fully the operating characteristics of the companies in which FGP invests. This means analysis of their track records, including:

 

Growth in revenues, earnings, shareholders’ equity

 

Profit margins, asset turnover, return on equity

 

Balance sheet strength and cash flow

 

Management effectiveness

 

Value: Our ultimate objective is to own good quality companies acquired at reasonable valuations.