We believe that the following, in aggregate, will lead to superior investment returns over time:

• Successfully identifying the overall trend of the market (bull or bear).
• Successfully identifying emerging themes and sectors.
• Investing in small and mid cap stocks which provide a better opportunity for growth and stock price inefficiencies.
• Investing in companies that are exhibiting strong sales and earnings growth and favourable technical characteristics which provide a better opportunity for investment outperformance.
• Losses in any one position are to be limited based on any negative change in fundamental or technical characteristics.