Brown Brothers Harriman (BBH) Investment Management employs what we view as a low-risk approach to equity investing guided by consistent, objective, and rational decision-making. We rigorously apply a comprehensive set of investment criteria to our portfolio that aims to generate attractive risk-adjusted results for our clients over the long term.
Our key guiding principles:
- Invest in established, cash-generative businesses that are leading providers of essential products and services.
- Require that investments be purchased at a discount to our estimate of intrinsic value* (e.g., a margin of safety** in the stock price) at the time of purchase.
- Invest in a limited number of companies to minimize the impact of unforeseen company-specific issues, and invest only in companies that meet demanding business and valuation criteria.
- Think like owners and operators by holding stakes in businesses over many years in order to compound wealth and reduce transaction costs.
Learn about how we integrate environmental, social and governance (ESG) considerations within our bottom-up investment approach.