Strategy + Execution + Time = Investment Success

Achieving investment excellence hinges upon following a time-honored, proven strategy, having the team and frameworks to execute the strategy, and maintaining confidence to give that strategy the time it deserves to flourish. This is the essence of the Bowie approach.
STRATEGY

Quality and Price

Bowie’s core strategy is to own a concentrated portfolio of high-quality companies that serves as a client’s foundational investment. Bowie utilizes a disciplined process built upon proprietary frameworks to identify and purchase industry-leading businesses with enduring and growing cash flows.
The companies in our portfolio are ingrained as integral parts of society and operate with economically-superior business models with above-market growth.
We carefully monitor our investments and will strategically adapt the portfolio as the world evolves, guided by decades of experience and our forward-thinking outlook.
INVESTING IN ENDURING COMPANIES

We own equity in high quality assets purchased at sensible prices

The four pillars in every Bowie investment

Our strategy is focused on the interplay of quality and price. Quality companies with sustainable competitive advantages offer the most reliable path to growing our partners’ capital. Further, by buying these companies at sensible prices, we create the attractive risk/reward situation of protecting capital on the downside while capturing potential upside.

LEADERS IN OLIGOPOLIES

Our companies operate in structurally attractive, oligopolistic industries which can offer sustainably high returns on capital

SECULAR GROWERS

We own companies that participate in a growing and advancing world, and the secular tailwinds should help mitigate risks from cyclical downturns

EARNS A CURRENT CASHFLOW

Cash flow contributes to an investment’s total return and allows companies to weather economic storms and emerge stronger

PRICING POWER

The ability to raise prices indicates a sustainable competitive advantage with a robust economic model and is an important driver of financial returns
LEADERS IN
OLIGOPOLIES
LEADERS IN
OLIGOPOLIES
Our companies operate in good industries and should come out stronger by taking share from weaker players.
SECULAR
GROWTH
SECULAR
GROWTH
Our companies should participate in a growing and advancing world, and secular tailwinds should help mitigate cyclical headwinds.
EARNS A CURRENT CASHFLOW
EARNS A CURRENT CASHFLOW
Our companies should participate in a growing and advancing world, and secular tailwinds should help mitigate cyclical headwinds.
PRICING
POWER
PRICING
POWER
Our companies are tied to global wealth creation and display some combination of relative social status and/or network effects.

LEADERS IN
AN OLIGOPOLY

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LEADERS IN
AN OLIGOPOLY

Our companies operate in structurally attractive, oligopolistic industries which can offer sustainably high returns on capital

SECULAR
GROWERS

+

SECULAR
GROWERS

We own companies that participate in a growing and advancing world, and the secular tailwinds should help mitigate risks from cyclical downturns

EARNS A CURRENT
CASHFLOW

+

EARNS A CURRENT
CASHFLOW

Cash flow contributes to an investment’s total return and allows companies to weather economic storms and emerge stronger

PRICING
POWER

+

PRICING
POWER

The ability to raise prices indicates a sustainable competitive advantage with a robust economic model and is an important driver of financial returns

EXECUTION

Execution seamlessly combines science and art

The science is our disciplined process, proven strategy and frameworks. The art encompasses exercising our good judgment, derived from decades of investment experience and creative effort.

Our process and frameworks provide the filter to methodically distill complex information into useful insights. They allow us to concentrate capital into the highest probability opportunities we find while also adapting to a dynamic world.
Consistent process, dynamic execution
We select the portfolio investments from our proprietary list of well-researched Global Champions, Hidden Champions, and Next Generation Champions
GLOBAL
+
GLOBAL
Build a foundation of companies with a high-probability of continued success, bought at prices to provide attractive risk-adjusted returns.
HIDDEN
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HIDDEN
Lesser known but just as dominant companies, though they often operate in overlooked niches of the economy. Our frameworks can explain why their misunderstood industry-leadership can persist.
NEXT GENERATION
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NEXT GENERATION
A small part of the portfolio are younger companies carving a leading position in a new industry that can compound at high rates for long periods of time.

Continuous five-step process

We use quantitative and qualitative methods to uncover new ideas and populate our proprietary database of investible companies.

Idea Generations

We use quantitative and qualitative methods to uncover new ideas and populate our proprietary database of investible companies.

Deep-Dive Research

Key to this step is identifying the drivers of the company’s past success and how that informs its future potential.  Does it fit our Quality and Price framework?

Identifying Inflection Points

Holding a true variant perception about an investment is what differentiates Bowie. We identify good businesses getting better or companies for sale at prices too low relative to their franchise value.

Monitoring the Investible Universe

We monitor our investments as a diligent business owner would, watching for disruption and verifying signs of pricing power. We strengthen our conviction, potentially leading to outsized returns.

Resizing and Exits

We resize based upon material quality or price divergences within our investible universe, though we primarily seek to patiently own a great franchise for the long-term when it continues to meet our standards.

Continuous five-step process

Scroll through to see the steps

IDEA
GENERATION

We use quantitative and qualitative methods to uncover new ideas and populate our proprietary database of investible companies.

Value-Added
RESEARCH

Key to this step is identifying the drivers of the company’s past success and how that informs its future potential. Does it fit our Quality and Price framework?

IDENTIFYING
INFLECTION POINTS

Holding a true variant perception about an investment is what differentiates Bowie. We identify good businesses getting better or companies for sale at prices too low relative to their franchise value.

MONITORING

We monitor our investments as a diligent business owner would, watching for disruption and verifying signs of pricing power. We strengthen our conviction, potentially leading to outsized returns.

RESIZING
AND EXITS

We resize based upon material quality or price divergences within our investible universe, though we primarily seek to patiently own a great franchise for the long-term when it continues to meet our standards.
TIME

True driver of capital growth

One of Bowie’s key competitive advantages is to underwrite businesses’ franchise value over decade-plus time horizons. We adjust our portfolio as needed but patience and confidence are essential to our approach.
Since we believe that the value of our portfolio will track the growth in earnings of our companies, we patiently give our strategy the time it deserves to flourish and drive long-term wealth creation. 
Time works to our advantage and is the true driver of capital growth. It’s the antidote to volatility. Owning a portfolio of quality companies provides the confidence for investors to stay the course.
Combining a focus on the proper timeframe with a patient and disciplined investor base, Bowie capture’s the most important aspect of capital growth: Time.
CONVICTION BEYOND THE HEADLINES
Wall Street 
Focused On
1-Year Price Targets
Derived From
Change In Sentiment
Resulting In
Short-Term Speculation
Bowie
Focused On
Intrinsic Value
Derived From
Enduring Earnings Growth
Resulting In
Long-Term Investing
Our Characteristics

What Characteristics Define Our Strategy?

Our strategy is to own a portfolio of well-researched quality companies for the long-term, which provides many positive attributes beyond investment returns.
Decades of experience help us understand the core drivers of investment returns. We seek attractive operating margins, high returns on capital, low capital intensity, and low disruption risk.
We invest with an ownership mentality, sticking with companies through temporary issues or particularly positive periods to allow for the effects of compounding to take hold.
Growing companies can invest in their businesses to defend against competition and seek new markets. We target consistent and enduring double-digit earnings growth.
Owning important companies using a diligent process provides conviction, staying power, and peace of mind to reduce the risk of overreaction to the incessant noise of markets.
A diligent team develops an elevated understanding of our companies to make decisions with thoughtfulness.
We may own companies at various life stages, but companies with established competitive advantages are skewed larger. We like to find mid caps that become large caps and large caps that become mega caps.
We evaluate our companies and performance over multi-year rolling periods. We accept the reality that markets can oscillate, but in the long run, the value of our portfolio should track the earnings growth of our companies.
A long-term approach reduces the need to realize gains, allowing for deferred taxes to remain invested and compound on your behalf.
Quality companies often remain undervalued because most people cannot think or invest with a decade timeframe. It takes time to make multiples of money on an investment – the compounding of earnings growth and the upside possibility of an expanding valuation multiple.
Owning quality companies offers a strong track of record of success but overreacting to price swings and changing strategies negates the benefits.
Structurally and financially our team is materially invested alongside our partners. Personality-wise, we care a great deal about your success.
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