Our Investment Philosophy

The framework that guides all our investment decisions

Jeetay's Investment Focus

Disciplined approach to stock selection and portfolio construction

We adhere to a value investment philosophy with the objective of buying securities trading at significant discounts to our estimates of their intrinsic values. We aim to deliver absolute long term returns superior to the market. The typical time horizon over which investments are made is 3-5 years.

Our risk control measures include reasonable diversification. At all times we remain within our circle of competence through having a sound understanding of the businesses we evaluate and invest in.

Proven Track Record

We focus our research on listed companies with proven track record and long standing in the market.

Quality at Discount

Clear focus on investing in quality businesses (superior qualitative and quantitative parameters) available at significant discounts to Jeetay’s estimates of their intrinsic values.

Bottom-Up Approach

Bottom up approach to picking stocks. Focus on specific businesses rather than sectors. However, asset allocation determined in the context of overall market valuation.

Jeetay's Guiding Principles

Time-tested principles that form the foundation of our investment process

1. Circle of Competence

We will invest only in those businesses that we understand, leveraging our accumulated knowledge, relationships and experience.

2. Definition of Risk

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"

3. Risk Management

Our objective is to deliver returns superior to the market. We are 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

4. Cash as Default Position

In the absence of compelling investment opportunities, we will use "cash" as our default "investment" avenue. We believe in patience and discipline – waiting for the right opportunities at the right prices rather than being fully invested at all times.