ValueSearch Capital

Since 1987, ValueSearch managed separately managed accounts and limited partnerships relying successfully on the ValueSearch Equity Strategy which is based on a Growth-at-Reasonable-Price ("GARP") long-term investing approach. ValueSearch Equity Strategy is based on the premise that outstanding long-term results can be achieved by investing in a sm... all number of extremely well run companies, while timing these investments so that they are long-term by nature. It is further based on a premise that when investors are buying and selling their positions in a company there is the ever present judgmental mistake of the majority of investors to equate an excellent company with an excellent investment. VCM exploits this systematic judgmental error. ValueSearch Equity Strategy ("Equity Strategy") is still one of the strategies VCM relies on when managing its funds. This description of ValueSearch Equity Strategy is intended to illustrate the evolution of VCM investment strategies and is intended to help the reader to understand the performance results achieved by VCM when using the Equity Strategy. The documents referred to below and describing the Equity Strategy are essentially in the form they were when the Equity Strategy was used as the foundation for the partnerships managed until 2007.Read More