Fixed Income Investments
While many in our business are often tempted to “reach for yield” by investing in lower rated bonds or complex financial instruments, we place a high value on quality and simplicity. Obtaining a high interest rate is always welcome, but not at the risk of losing principal.
After we are comfortable with the quality of a company we are considering, we then want to know how the current price of its stock compares to the value we would place on it. Can the stock be purchased at a discount from our perceived value of the company?