Jeetay's Guiding Principles
- Jeetay will invest only in those businesses that it understands, leveraging its accumulated knowledge, relationships and experience.
- Jeetay’s objective is to deliver returns superior to the market. It is focused on managing risk to minimize “drawdowns”. Risk control measures include:
- Buying securities at significant discounts to appraisals of their “intrinsic value”.
- Position sizing to reflect quality of business and the “price-value” discrepancy.
- For Jeetay, risk in an investment context means:
- The risk of permanent loss of capital, and/or
- The risk of an inadequate return by buying or holding on to stocks trading far in excess of conservatively appraised “intrinsic value”.
- In the absence of compelling investment opportunities, Jeetay will use “cash” as its default “investment” avenue.