Andrew Boord, Co-Manager of the FAM Small Cap Fund, details how we identify high-quality, small-cap companies and invest in them at a discount to our estimate of their intrinsic value in an interview with The Wall Street Transcript.
“We’re value guys in the Buffett-Munger camp. We want to align ourselves with very high-quality companies and have spent a lot of time identifying these businesses. We then wait for an opportunity to buy shares in them at a discount to our estimate of intrinsic value. Whereas most value managers are really focused on finding cheap stocks, we’re extremely focused on finding quality stocks.”
