To distill my thoughts and writings on our investment strategy, here are the elements of it I pulled together in our 2022 Annual Report.
We seek to invest capital in the partial ownership of businesses, at a price that if we had sufficient capital, we would be happy to buy the whole business.
Our intention is to partially own them as long as they continue to be businesses we would be happy to own in entirety.
We look for good businesses we can buy at a fair price.
We seek total returns of at least 10% CAGR over the life of the SMSF.