Investment Strategy
Fundamental
Equities Investing
At MBP Capital we apply a disciplined, bottom-up philosophy to global equity selection, valuing each company on the economic cash it can generate through an enduring competitive moat. We are deliberately contrarian when the market's narrative diverges from intrinsic value, yet price-conscious—accepting the occasional opportunity cost of walking away if the margin of safety is thin.
Our research focuses on what truly constitutes a durable moat, the sustainability of a firm's earnings power, and the risk of permanent capital loss; macro forecasts and short-term price signals play no part in our decisions.
In short, we seek high-quality businesses at rational prices, confident that patience and rigorous downside protection are the surest route to superior long-term returns.
Our Approach
We aim to deliver superior risk-adjusted returns through fundamental equity research and portfolio construction.
Deep Research
Breaking down complex businesses into their core components.
Quantitative Risk Models
Proprietary risk models to better reflect investment risk above and beyond CAPM and other traditional models.
Portfolio Construction
Systematic approach to building high-conviction, uncorrelated positions.
Investment Process
A systematic approach to fundamental equity analysis and portfolio construction
Research
Deep fundamental analysis of business models, competitive positioning, and long-term value drivers
Model
Quantitative valuation models incorporating DCF analysis, scenario testing, and risk assessment
Execute
Systematic position sizing and execution with careful attention to behavioural biases
Optimize
Continuous monitoring and refinement based on earnings releases and market developments
Risk Management
Sophisticated risk assessment and portfolio protection through advanced quantitative models
Value vs Price
Click to explore our valuation methodology
Risk Models
Discover our quantitative framework
Portfolio Construction
Learn about our systematic approach
References & Further Reading
Marks, H. The Most Important Thing: Uncommon Sense for the Thoughtful Investor
Essential insights on contrarian investing, market cycles, and the importance of second-level thinking in value investing.
Paleologo, G. A. Advanced Portfolio Management: A Quant's Guide for Fundamental Investors
Comprehensive treatment of risk factor models and their practical implementation in equity portfolio construction.
Danielsson, J. Financial Risk Forecasting: The Theory and Practice of Forecasting Market Risk
Modern approaches to VaR, stress testing, and risk model validation in volatile market environments.
Paleologo, G. A. The Elements of Quantitative Investing
Foundational principles of systematic investing and quantitative portfolio construction methodologies.