Successful investing is a discipline. Relentless press suit of perfection. A company is worth what you can earn from it in the future. The better you can estimate future cash flows, the closer you get to the true value (intrinsic value). If the market temporarily doesn't like it that way and prices it lower, this is a good time to get in. The greater the difference, the safer the investment. Only time will then ensure that the true value is found again.

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At ACM we are interested in intrinsic value. And in particular the factors that increase the intrinsic value in the future. This is how we find the most improving growth companies. These are the companies you would like to have in your portfolio.