Our motivation
We firmly believe that managing your wealth should always reflect your individual thoughts, wishes, and goals.
Like a golfer seeking the perfect swing that flows harmoniously with the game, we strive for the authentic solution that fits you.
True stability does not arise from short-term pressure or a frantic chase for opportunities, but from decisions that are in harmony with the markets, your objectives, your risk awareness and your life circumstances. This sense of balance forms the foundation of our actions.
It's not about achieving everything at once, but about finding the path that reveals itself when you observe mindfully and trust your own resources.
Our task is to support you in discovering this path—the investment move that feels natural rather than forced. In this way, wealth is built not merely for return, but for clarity, calmness and sustainability.
Our investment philosophy serves as our anchor: shaped by experience, strengthened in turbulent times and guided by conviction.
Our values and principles act as our compass: for today, tomorrow and the days beyond.
Because wealth means more than money - it means freedom of choice.
Our Investment Universe
Only securities listed in the ‘developed markets’ are taken into account.
The legal systems of the "developed markets" provide protection of property and property rights. This is essential in order to meet our investment objective of capital preservation.
Our investment philosophy
We invest in excellent companies - and not in stock tickers.
Our investment approach is based on the long-term acquisition of high-quality companies that generate sustainably high returns on capital—well above their cost of capital. Such companies possess structural competitive advantages, known as economic moats: brand strength, network effects, technological leadership, or regulatory barriers. These moats protect the earning power of the business model over many years from erosion by competitors.
Only those who conduct thorough research can invest with conviction.
That is why our approach is based on in-depth fundamental analysis and the search for companies with clearly recognisable quality characteristics:
- Sustainable competitive advantages (moat)
- Pricing power & resilience
- Sustained above-average returns on capital
- Growing free cash flows
- Solid balance sheets & capital discipline
- Transparent, action-oriented corporate governance
Before we ultimately invest, we analyse a company holistically – from its business model and cash flow dynamics to the quality of its management and capital allocation.
It is not only the price that makes an investment attractive, but above all a sustainable, resilient competitive advantage – especially over long periods of time. Those who recognise this and trade at attractive prices minimise their financial risks by building up a long-term safety margin.
We only invest if the price of a company is significantly below its intrinsic value or, in the case of exceptional quality, at least not above it.
Every intelligent investment is value investing - you acquire more than you pay for.
We are convinced that those who combine quality with discipline and sound judgement not only invest successfully, but also with peace of mind.
When it comes to achieving good returns, quality is the most important factor.
Our investment style requires patience. We think in terms of years, not quarters. We utilise short-term volatility as an opportunity, not as a risk. Because only those who are prepared to withstand temporary headwinds can benefit from the long-term tailwinds of above-average business models.
Even though we generally hold companies for years, we continuously adjust the position sizes in the portfolio - based on valuation, risk and relevance. Overvalued positions are reduced and undervalued positions are selectively expanded. In this way, we combine a long-term approach with rational flexibility.
The greatest challenge is maintaining the requisite patience and discipline to buy only when prices are attractive and to sell when they are not, avoiding the short-term performance frenzy that engulfs most market participants.
The investor's main enemy is sitting opposite him.