Trust-Focused
Guided by Trust, Discipline, and Independent Thinking
Our Investment Philosophy
At JEI Investment Management, our investment philosophy is grounded in trust, discipline, and long-term thinking. We believe investing should be purposeful, logical, and focused on achieving superior long-term returns across full market cycles. Every decision we make follows a consistent framework designed to identify opportunity while managing risk responsibly.
Philosophy Overview
Our approach reflects how we think about markets, businesses, and capital allocation. We invest with patience, independence, and conviction, seeking to grow real wealth over time rather than reacting to short-term market movements.
Answering the Big Questions
Why Invest?
To achieve superior long-term returns and grow real wealth over time.
Why Equities?
Equities represent ownership in businesses and have historically offered the highest potential for sustainable long-term returns.
Why Smaller-Cap Companies?
Smaller-cap companies often present greater inefficiencies, growth potential, and long-term opportunity when analyzed with discipline.
Active or Passive?
We believe active management allows for independent thinking and flexibility beyond index constraints, enabling us to focus on the most attractive opportunities.
Free Cash Flow Growth at a Reasonable Price (FCF GARP)
Our investment process centers on identifying fundamentally undervalued companies with the potential to generate healthier future free cash flow than the market currently expects. We emphasize free cash flow because it reflects true economic performance and is more difficult to manipulate than accounting earnings. By focusing on growth at a reasonable price, we seek long-term value creation while maintaining valuation discipline
Selective Portfolio Construction
We construct selective portfolios designed to balance conviction with diversification. By typically investing in a focused group of differentiated holdings, we aim to maximize exposure to our highest-conviction ideas while maintaining portfolio resilience through full market cycles.
Principles That Guide Our Decisions
Trustworthiness
We insist on ethical conduct, transparency, and integrity in everything we do.
Risk Discipline
We avoid leverage, speculation, and unnecessary complexity to protect long-term capital.
Investor Alignment
We invest alongside our partners and structure our approach to align interests over the long term.
Independent Thinking
We follow our own research and logic, even when it means standing apart from the crowd.
A Long-Term Partnership
Our philosophy is designed for long-term partners who value discipline, patience, and independent thinking. We believe consistent application of this philosophy over full market cycles provides the strongest foundation for achieving superior long-term outcomes.