Institutional Investors :: Investment Philosophy

 

Investment Philosophy
Our investment philosophy is based on the fundamental premise that long-term out-performance can be achieved by opportunistically buying quality growth companies when the market misperceives their long-term growth outlook and underlying value.

Philosophy on Risk
A critical aspect of our philosophy is our definition of risk. We do not believe that monthly volatility (or standard deviation of monthly returns) is an appropriate definition of risk for our clients’ money. We will not invest using that definition, since two different portfolios could have the same “riskiness” (standard deviation of monthly returns) despite the fact that one consistently loses money and one consistently makes money. We define risk, simply, as the chance of losing money. We manage that risk by adhering to our valuation discipline, and by investing in high quality companies.

Thompson Investment Management, Inc. services involve the management of securities which fluctuate in value due to changes in securities markets, client preferences and other reasons. Thus, Thompson Investment Management does not guarantee any rate of return will be realized, or that losses will not occur, from receiving its services.