"Strong capital spending in Artificial Intelligence (AI), power generation, bank deregulation and the reshoring of manufacturing have offset the uncertainty of higher tariffs which are now six times higher than when Trump entered office and the highest since the 1930s."

"During this time of heightened market unrest, we put greater scrutiny on valuation as well as the enduring nature and underlying operating reality of each business."

"We like leaders who love the business, have "skin in the game," grit and a tenacious attention to detail."

“Events of the last several years have led to volatility in the economy, but one benefit we are seeing is increased reshoring, especially in the manufacturing sector.”