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