At GSI, we define ourselves as value investors. But that doesn’t mean we confine ourselves to specific levels of common value ratios. We believe the market is far too complex for that level of simplicity. Our goal is to always buy the highest value investments in each and every industry that we allocate investment dollars. That’s why our aggregate portfolio valuation ratios will always demonstrate higher value than the market in general.

We approach each equity investment with a keen eye on the metrics that we believe are integral to a company’s future growth potential: earnings, cash flow, and dividends. While we are different to market psychology, we are firm believers that an investment’s price will ultimately reflect the intrinsic value of a company.

We take a critical look at each investment and weigh it against potentially better opportunities in a specific industry or sector.

We ask ourselves: does the investment value stand up to an analysis that is independent of industry and the general market valuation levels?  Should we reasonably expect to see our capital returned in a suitable amount of time with above average returns that are commensurate with the inherent risk of the particular company? Importantly, are other investors bidding up an investment’s value based on unattainable growth assumptions?

At GSI, we believe that Growth At a Reasonable Price (GARP) is one of the worst notions to ever enter our industry. We believe in Growth At a Great Price, or GAGP.