Harper Asset Management was founded in 2001 to offer clients a fundamental, long-term oriented approach to investing. In an industry noted for its myopia, our patient and time-tested approach is the exception rather than the rule.
We invest in securities which are both financially safe and fundamentally undervalued. We emphasize the investment merits of each individual security and avoid engaging in macroeconomic forecasting. Our investment philosophy is heavily influenced by the a margin of safety approach as originally conceived by Ben Graham. Equity purchases typically contain the following characteristics:
- A low price relative to fundamental measures of value and our estimated long-term “intrinsic value”
- Reasonable downside protection
- Measurable and predictable long-term earnings power
Our dual approach guards against permanent loss and offers the prospect of superior long-term investment performance.
