CORE STRATEGY

Stick with the principles of your investment strategy

Barrack Yard Advisors Core Strategy invests primarily in individual equities, fixed income instruments and cash. It is not constrained by geography, market capitalization, or credit ratings.

Core Strategy features:

Strategic Principles 
Core Strategy is anchored in 5 Enduring Principles:

  • Valuation matters
  • Volatility and risk are not the same
  • Reversion-to-the-mean is a powerful force
  • Careful investment selection trumps random diversification
  • Dividends are important

Portfolio Construction
Extensive research precedes any investment and is part of the investment process:

  • Use focused research to guide us toward opportunities
  • Identify major global themes in which companies can potentially prosper
  • Apply screens to minimize avoidable mistakes
  • Purchase securities only if price is attractive (current positions)

Risk Management
Robust risk management philosophy based on three principles:

  • Investors cannot predict the future; therefore, use a protective approach
  • Buy quality at a reasonable price; all else on a bargain basis, or not at all
  • Leave the crowd behind: worry when things look good, embrace optimism when they don’t

Link below is Marty Leclerc, Portfolio Manager, Discussing His Investment Approach at the “Best Ideas 2013” Value Conference:

Watch the Video

Barrack Yard Advisors monitors investment positions constantly. Cash is integral to our risk mitigation process. Securities are sold if they reach high valuations, if the general level of prices appear high, or if we believe we have made a mistake.