On February 6th, 2020, L.A. Stevens Investments launched our first investment fund predicated on one simple idea:
Buying fantastic businesses at even better prices and holding these companies for life.
L.A. Stevens Investment Fund is a long only fund that purchases value. That is, we are ratio agnostic.
We simply analyze cash flows and discount them to their present value.
If this present value is higher than the current share price, and we like the company's business, then we purchase the business (stock).
It is as simple as that.
The goal of the fund is to outperform the 90 year annualized return average of the S&P500, which is 9.8%. This is our benchmark that we strive to outperform.