Investment Approach

Wedgewood’s underlying equity investment philosophy is predicated on a strong belief that significant long-term wealth will be created by investing as “owners” in companies. In our “Invest as Business Owners” approach, we seek companies that have the following characteristics:

• A dominant product or service that is practically irreplaceable or lacks substitutes.

• A sustainable and consistent level of growing revenues, earnings and dividends.

• A high level of profitability, measured by return on equity without the use of excessive debt.

• A strong management team that is shareholder oriented.

Once we have validated company performance against this set of criteria, we then analyze prospective companies with an eye toward those organizations who have reasonable, if not cheap, valuations.

With a history since inception of outperforming index investing and most active managers, our results are testament to the viability of our investment philosophy. It is this approach that sets us apart from our competition…we think and act unlike the vast majority of active managers.