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Strategy

 

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Strategy

 

Elberon Investment Fund is a long-biased value investor. We develop a deep fundamental understanding of companies, industries, and their competitive position which allows us to identify where market price differs significantly from intrinsic value. We focus on situations that have an asymmetric risk/reward ratio and allocate resources to our highest conviction ideas.

We specialize in identifying neglected or misunderstood companies, and recognize opportunities where most others see only difficulties. We research and invest heavily when the odds are overwhelmingly in our favor and conviction is high.

“Occasionally the stock market offers us the chance to buy non-controlling pieces of extraordinary businesses at truly ridiculous prices — dramatically below those commanded in negotiated transactions that transfer control.” — Warren Buffett