Case Studies

This collection, primarily taken from past client letters, includes summaries of some of the businesses in which we have invested since our 2001 inception. Each case study includes an original overview of the company and then provides interim updates on the business while we were invested. The purpose is to share our research and, in the process, bring to life these companies – the progress they made, the areas where improvement was still needed, and how our views of each business evolved over time.