BM&O’s Approach

Investment Philosophy

Beck, Mack & Oliver constructs portfolios based upon intensive fundamental research and risk assessment. Our focus has always been to uncover companies that have the ability to create shareholder value over time.

The short-term focus of many market participants creates opportunities for the longer-term investor Stock prices often fluctuate above/below our estimate of a company's underlying intrinsic value Fundamental research uncovers the greatest opportunities to invest and manage risk We invest only if our research suggests a stock is undervalued This disciplined and consistent application of our philosophy offers a higher probability of success over time

Investment Process

BM&O’s success has been the result of a highly disciplined process that has been employed since the founding of the Firm.

The portfolio management team carefully analyzes and discusses each investment in a concensus-driven process. This decision-making process incorporates more than 250 years of collective industry experience.

Our goal is to create a portfolio of securities that provide diversification to mitigate risk and generate meaningful gains over time.

Our intensive research effort helps us identify stocks that we expect will perform well over a full market cycle. Managing risk is fundamental to our investment approach, and plays a key role in preserving capital in adverse markets.