Investment Principles

BIA combines top-down macroeconomic views with bottom-up fundamental work to construct client portfolios concentrated in our best ideas.

Our edge comes from disciplined application of experience, judgment and a well-defined “strike zone."

The strike zone describes what we look for in an investment. We use four general principles:

Exceptional Businesses

  • Durable and strengthening competitive advantage
  • Leading franchises
  • Differentiated products and/or technology
  • Continual innovation

Healthy Balance Sheets

Balance sheets that are secure and appropriate for the industry

World-Class Management Teams

  • Honest, intelligent and hardworking
  • Economically aligned with shareholders
  • Thoughtful capital allocators
  • Culture builders who value ownership, performance, meritocracy and inclusion

Liquidity

US-listed equity, derivative and fixed income securities