Perspectives

1Q2022 – Global Emerging Markets Growth Commentary

We seek to invest in companies with solid balance sheets and long runways for growth

We view market dislocations as opportunities to become owners of great businesses

Market volatility has presented us with several compelling long-term opportunities

We continue to see an exciting and attractive runway for our Portfolio companies over the long term

Taking a long-term view, we believe that compounding is a multi-year process

We think and behave like rational business owners using a repeatable, time-tested investment approach

Given enough time, experience has shown us that markets often discern the underlying quality and growth of various businesses

We try to remain dispassionate, separating facts and data about companies from the stories people tell about stocks

We maintain our focus on companies that can self-fund their growth

Our goal is simple—we aim to own the best of the best