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Dorsey Asset Management AUM Strategy

The investment approach focuses on large market opportunities with room for growth, high-quality businesses with simple models and strong leadership driving efficient volume growth exceeding GDP. Target companies demonstrate consistent, predictable earnings growth financed through operating cash flows and have demonstrated, scalable management teams with good governance who maintain significant ownership stakes. Valuation emphasizes a margin of safety over acquiring inferior businesses at cheap prices.

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Gurjeev
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68 views1 page

Dorsey Asset Management AUM Strategy

The investment approach focuses on large market opportunities with room for growth, high-quality businesses with simple models and strong leadership driving efficient volume growth exceeding GDP. Target companies demonstrate consistent, predictable earnings growth financed through operating cash flows and have demonstrated, scalable management teams with good governance who maintain significant ownership stakes. Valuation emphasizes a margin of safety over acquiring inferior businesses at cheap prices.

Uploaded by

Gurjeev
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

AUM Investment Approach

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■ S,arge market opportunity - cornerstone for profit compounding
/~arket Opportunity ■ Size of pond vs s\ze of fish
■ Less about "what is"; more about "what can be"

■ ~imple model , leadership


~usi~ess Quality ■ Volume growth at least 2-3x GDP growth
■ Low capital intensity, high efficiency
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■ Consistent and predictable growth
· Earnings
■ Operating cash flow finances growth

■ Demonstrated capability, "X factor"


. --, :: ■ Scalab~
. Management Quality ■ Good governance
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■ ~ kin in the game

■ Margin of safety important


■ Superior business at "reasonable" price rather than inferior business at
· Valuation
"cheap" price -
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