Our investment philosophy is predicated on the belief that throughout economic cycles, the market has a tendency to misprice assets due to behavioral factors and exogenous events. We utilize these opportunities to buy great innovative companies at a discount to intrinsic value while selling those that are in secular decline. Furthermore, we believe that the market has a proclivity to overprice risk during periods of heightened uncertainty, which presents opportunities for our firm to capitalize on these occurrences with income generating overlay strategies.