Investment Philosophy
Our patient investment philosophy sets us apart

Patience

We take the long-term view

  • Wait for the perfect pitch that provides a margin of safety (40% discount to PMV)
  • Give prices time to reflect intrinsic value
  • View short-term volatility opportunistically
  • Low turnover

Independence

We invest to our convictions, not to benchmarks

  • Concentrated portfolios
  • Contrarian point of view
  • Returns uncorrelated to benchmarks and peers

Expertise

We specialize in bottom-up, fundamental research

  • Long-term experience in our asset classes
  • Exceptionally strong company and industry knowledge
  • Choose to go deep instead of broad

Teamwork

We work collaboratively with a shared commitment to excellence

  • Driven by dialogue, not by dictates
  • Achieve better outcomes by leveraging individual expertise
  • Reflected in employee ownership of our funds and our firm



Margin of Safety: Attempting to purchase with a margin of safety on price cannot protect investors from the volatility associated with stocks, incorrect assumptions or estimations on our part, declining fundamentals or external forces.



 
Patience
The Importance of Patience
 
Independent Thinking
Independent Thinking
 
Focus
Focus and Expertise
Past performance does not guarantee future results. © Ariel Investments, LLC. The mutual funds offered by Ariel Investment Trust are distributed by Ariel Distributors, LLC. Use of this website is subject to our Terms & Conditions of use. Each of the investment products, mutual funds or services referred to in this site may be offered only to persons in the United States. This web site should not be considered a solicitation or offering of any investment products, funds or services to investors outside the United States. Original illustrations © Omar Rayyan 2007.