Investment Philosophy

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Our investment philosophy is grounded in Nobel Prize winning academic research and the fundamental assertion that capital markets reward investors over the long-term for the risk they bear. We thus invest in a diversified set of global asset classes chosen to reduce risk while maximizing return.

At Private Capital Management, we see markets as an ally, not an adversary. Rather than trying to take advantage of the ways markets are mistaken, we take advantage of the ways markets are right-the ways they compensate investors. The firm designs portfolios to help our investors capture what the market offers in all its dimensions.

Diversification does not ensure a profit or protect against loss in a declining market.