We are not a typical value investor. The first thing we want people to know about us is that we do things differently: our approach is different; our methodology is different; and the companies we invest in tend to be different. We were founded on a novel idea鈥攁 new way to invest in public equities over the long term鈥攚ith a focus on seeking to lower risk. Some may wonder if our obsession with mitigating risk translates into unimpressive returns. To the contrary: we believe risk and return can be inversely correlated.