White Equity Investment Philosophy

1. Identify High Quality Companies.

• Strong Financials
• Good Business (Economic Moat)
• Clean & Competent Management

2. Buy when:

• Stock price is at a discount to fair value, thereby offering a high prospective return

3. Sell if:

• Business deteriorates or error in analysis
• Shares become over-valued, offering low prospective return
• Alternate investment opportunity, offering better prospective return

Additionally:

• Our typical investment horizon while picking up stocks is 3-4 years.
• We are sector and market-cap agnostic.
• We try to magnify returns by taking advantage of behavioural biases of Mr. Market.
• We are comfortable maintaining cash positions in case we do not find enough opportunities to deploy client funds at the desired reward/risk level.