Long-term value investing is the cornerstone of our investment philosophy. For Arnold Investment Counsel, this means concentrating on buying corporate assets that are priced significantly lower than the underlying value or earning power of the assets. This strategy allows us to capitalize on companies or industry groups that are currently out of favor, or are selling at the low end of their historical valuation levels. Respect for client capital is
paramount at Arnold Investment Counsel. We are not always fully invested, because we believe the preservation of client capital during declining markets is equally as important as the growth of capital in rising markets. Client portfolios are structured in an uncomplicated manner, using a combination of fundamental and market analyses. Investments are made exclusively in highly marketable securities, without employing special techniques, derivative securities
or computer models. Our long-term philosophy is implemented by exercising reasoned judgement and patience when applying our buying criteria and selling discipline. Consistent, superior performance for more than two decades attests to the vitality and stability of our disciplined, often contrarian investment style. |