- 2,400 years ago, the Greek philosopher Hippocrates penned an oath
for physicians which reads "First, do no harm." We believe the Hippocratic
oath is relevant to managing capital. We know our clients have worked
hard to accumulate wealth and, first and foremost, they want to protect
it. Therefore, our investment discipline is designed to minimize equity
risk in portfolios by concentrating them only in the highest-quality,
lowest-risk companies.
- Albert Einstein referred to the power of compound interest as the eighth
wonder of the world. If assets are compounded steadily at a double-digit
rate, wealth can multiply. For instance, investments will triple in value
over 10 years when compounded at a 13% rate. We seek to grow our clients'
capital over time by selectively investing in those few businesses that
offer predictable, sustainable earnings growth and by being patient with
those investments.
- We founded Sustainable Growth Advisers to contribute to the well-being
of our clients, our colleagues and our community. All employees have the
option to become shareholders and we are committed to donating 5% of our
firm's profits to worthy causes every year.