Our companies operate in structurally attractive, oligopolistic industries which can offer sustainably high returns on capital
We own companies that participate in a growing and advancing world, and the secular tailwinds should help mitigate risks from cyclical downturns
Cash flow contributes to an investment’s total return and allows companies to weather economic storms and emerge stronger
The ability to raise prices indicates a sustainable competitive advantage with a robust economic model and is an important driver of financial returns
We use quantitative and qualitative methods to uncover new ideas and populate our proprietary database of investible companies.
We use quantitative and qualitative methods to uncover new ideas and populate our proprietary database of investible companies.
Key to this step is identifying the drivers of the company’s past success and how that informs its future potential. Does it fit our Quality and Price framework?
Holding a true variant perception about an investment is what differentiates Bowie. We identify good businesses getting better or companies for sale at prices too low relative to their franchise value.
We monitor our investments as a diligent business owner would, watching for disruption and verifying signs of pricing power. We strengthen our conviction, potentially leading to outsized returns.
We resize based upon material quality or price divergences within our investible universe, though we primarily seek to patiently own a great franchise for the long-term when it continues to meet our standards.