Kelly+Partners Investment Office

Our Investment Philosophy 1. Don't lose money We see capital preservation as our fundamental first role. 2. Long-term compound growth We aim to deliver superior investment returns by taking a long-term view, choosing to invest in the world's best businesses at times where we see a discount to intrinsic value. 3. Concentration Our approach is to work to find outstanding businesses, the world's best. By definition, there will never be many investments that meet our exacting standards and where the valuation allows us to take a position. As a result, we expect to have a concentrated portfolio. 4. Disagreeable We look to opportunities unappreciated by the prevailing consensus. Differentiated returns come from being intelligently different.