Select Equity Team

The team has used the same time-tested decision-making process for more than 20 years. The strategy has been continuously managed by the same portfolio manager since inception.

  • Make research count—approximately 30 holdings (optimal combination of research intensity and alpha generation)
  • Identify change—business model, core competencies, competitive advantage, management
  • Listen for the quiet—"Research is to see what everybody else has seen and to think what nobody else has thought" (Albert Szent-Gyorgyi)
  • Distinguish noise from change drivers—two to three key issues drive stock price performance
  • Exploit price/private market value discrepancies—stock prices typically trade in a range of 50% to 80% of private market value, which is the price an acquirer would pay to purchase the entire company

Portfolio management

Richard T. WeissRichard T. Weiss
Portfolio Manager
43 years investment experience
Chicago, IL

Team location

Chicago, IL

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