Our approach is to own a handful of deeply researched, well understood small and overlooked companies that are inexpensive, growing and can reinvest cash at high rates of return. It is concentrated long term investing, focused on small-cap companies.
We expect to hold our investments for long periods of time, judging their success not on the day to day changes of the stock price but on the performance of the operations over a 3–5 year period. We call it our 1,000-day portfolio.
Since investments over time tend to appreciate with earnings and cash flow, the patient investor who buys the right businesses when the market is skeptical has a wide margin of safety, and a greater potential for uncorrelated and unusual capital growth.
We do not own the market, we own businesses. Our solution is appropriate for investors who appreciate fundamental research, sound reasoning and non-traditional returns and who seek an alternative to mass market indexation.
Long Cast Advisers, LLC, is an independent registered investment adviser located in Brooklyn, NY, investing on behalf of individuals, family offices and endowments. It does not invest in companies that participate in the production of weapons or hydrocarbons.