Our Investing Process
Our unique process is rooted in reason, meticulous evaluation, and patience.
Our step-by-step process:
1
Our first filter is a stringent set of financial criteria that must be satisfied by all potential investments. There are thousands of publicly-traded companies to choose from, but our first filter alone eliminates around 95% of potential candidates, significantly improving our chances of selecting the right companies.
2
After we have reduced the size of our investment universe substantially, our next layer of filtering is where we assess whether we understand the businesses that meet our financial standards. If we can’t understand a company, we have no business investing in it. At this point we have eliminated approximately 99% of potential candidates available on the market.
3
We then examine each company’s financial performance throughout the company’s entire history, consider management’s track record of generating high returns on capital, analyze the economic characteristics of the business, research competitors, and study the prospects of the company’s industry as a whole to assess both short and long-term potential.
4
When we think we have found the one, we request the input of all members of our advisory board to ensure we aren’t blinded by love. Our advisory board consists of the most intelligent, rational, logical, and honest people we know. Our board consists of engineers, entrepreneurs, physicists, mathematicians, economists, historians, and other distinguished professionals who help us see the world through a different lens.
5
Our management team may have a strong ability to identify great investments, but we would be remiss not to leverage the brainpower of our most competent people. After receiving the input from every member of the advisory board, we are as close to certain as possible that we have identified the best investments for our firm. We have reduced our pool of candidates to around .1% of the total investment universe.
6
At this stage, we have identified the investments that meet our financial criteria, fall within our circle of competence, and have the potential to remain profitable long-term. We then buy, and we keep buying for as long as the investment opportunity is priced significantly below its intrinsic value and a substantial margin-of-safety exists.
In an industry with thousands of overly-complex, fee-ridden, and speculative products, we "filter" the clutter for our investors.
Bonds
Stock
RE
ETFs
Ann.
We evaluate the vast amount of financial products available to investors.
Our investing process filters out thousands of investments
into one efficient portfolio.
Stock
Bonds
Our Infinitus Portfolio simplifies investments to maximize your returns.
Note: Past performance is no guarantee of future results. Investing with Taursas does not guarantee positive returns on investment.