Investment Approach

• O'Higgins Asset Management, Inc. principally manages portfolios using a variety of disciplined, value-based, asset allocation and security selection models.

• Believing that broadly-diversified portfolios tend to have mediocre returns, the firm's portfolios are normally concentrated in fewer than twenty securities.

• As a rule, securities are of the liquid, blue chip variety and are held for at least one year.

• No consideration is given to the tax implications of investment decisions.  The firm's policy is to maximize risk-adjusted returns in the belief that this produces the best after-tax returns.

• Although the strategies that the firm employs have historically led to high returns over the long term, the interim volatility has often been quite high.
  Investors looking for steady monthly returns should probably look elsewhere.