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"Over the long term, superior
earnings growth drives superior investment returns."
- William C. Miller IV
At Hartwell, our investment approach
is based on a highly disciplined approach that has remained remarkably
consistent for over four decades:
- Earnings growth is
the key determinant of stock price performance and we focus on
accurately identifying future earnings potential of superior growth
companies.
- We invest in those few companies
whose unique or proprietary advantages offer the best prospects
for above-average increases in revenues and earnings.
- The companies we select tend to be grouped in industries
that are less likely to be affected by the business cycle and
have the strongest prospects for unit volume
growth.
- We vigilantly monitor
companies and their industries to make certain they retain the
investment and financial characteristics that led to their selection
in the first place.
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