THE ARDENT PHILOSOPHY
Ardent’s competitive advantage is the discipline to know
when to be patient, when to be decisive or
when to step away.
OVERALL INVESTMENT PHILOSOPHY

Be opportunistic - do not invest according to a list of arbitrary constraints


Build a concentrated portfolio, position by position


Selecting quality companies with sustainable competitive advantage translates to a higher portfolio ROI

BUILDING THE
PORTFOLIO

Conduct extensive analysis to identify quality businesses and analyze each in the context of the individual scenario


Manage the portfolio to invest in dominant companies - allow room for opportunities from short-term market dislocations

Find adaptive companies who lead in their business category and would be difficult to displace

RISK
MANAGEMENT

Define risk by the business characteristics and valuation of the companies considered to have enduring high-quality characteristics

Buying a company at a discount lowers the risk of losing principal


Financial strength, consistency and excellent long-term prospects contribute to lower risk propositions


Never acquire a business simply for exposure or diversification

EXPERIENCE

CEO & Portfolio Manager Chris Donabedian, CFA. has more than 20 years’ experience in equity selection and portfolio management

©Ardent Capital Management, Inc.