EverFlow Partners

The heart of the firm's strategy is to buy companies that are compounding rapidly and selling at a significant discount to underlying business value. The firm has a value conscious and first-principle led bottom-up approach to investing. The firm is not formulaic and does not think single formulas work over the long term; but good principles have and will continue to. The firm's culture and process of sticking to these will be its biggest long-term differentiators. The firm's preference is to invest in great companies at attractive prices and these tend to be its best ideas. However, the firm also believes that not all great companies are great investments. As long-term investors, the firm believes it is in the business of identifying and benefiting from mispricing in good companies. While the firm is biased towards smaller companies since they tend to be under-researched and ignored by large funds, the firm believes attractive opportunities come unannounced from various directions and does not impose artificial constraints on sector, size, ownership. The firm's principles are: bottom-up diligence; no top-down thinking; attractive business; strong moats; honest management; no governance arbitrage; not traders; think like an owner; concentrated portfolio; scale best ideas; stay disciplined; no buy at any price.