We identify opportunities by evaluating specific operating metrics, concentrating on sustainably high returns on capital and consistent cash flows.
We build high-conviction, focused portfolios that reflect our long-term view through high active share and low turnover.
Assessing a business as if we were the owner creates long-term value and reduces company-specific risk.
BALANCE SHEET OPTIMIZATION
A differentiated approach to valuation. We form our investment thesis based on what is true today, limiting speculation about future earnings growth and building a concrete margin of safety.
MONITORING & SELL DISCIPLINE
We use oversight and strict risk controls to help prevent large losses.
Risk management is an ongoing process, woven into all stages of portfolio management.
The London DEC Company manages focused U.S. Equity portfolios across all market capitalizations. Our strategies are offered through separately managed accounts, mutual funds, and select other channels.