Today there is probably a disproportionate amount of emphasis put on classifying investments as belonging to one of two styles: Growth or Value. From our vantage point, neither of these approaches adequately captures the most durable outperformance factor in small cap investing: Quality. At our firm we have developed a rigorous investment process that puts Quality at the center of our decision-making, an approach we call Quality at a Reasonable Price, or QARP for short.
In this episode, we sit down with Boris Kuzmin, CFA, our Small Cap Portfolio Manager, to discuss why we believe employing a QARP approach is one of the best kept secrets in small cap investing. In addition to being available on our website, we are pleased that our podcasts are available on Spotify, Apple Music, or wherever you get your podcasts.
Please reference our related Perspectives post for more detail:
Crawford Investment Counsel Inc. (“Crawford”) is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Crawford including our investment strategies and objectives can be found in our ADV Part 2, which is available upon request.
This material is distributed for informational purposes only. The opinions expressed are those of Crawford. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward looking statements cannot be guaranteed. There is no guarantee of the future performance of any Crawford investment strategy. Material presented has been derived from sources considered to be accurate and reliable, but makes no representation thereof and accepts no liability or any loss arising from use or reliance herein. The company identified herein has been selected to help illustrate the investment process described herein. A complete list of holdings is available upon request. Nothing herein should be construed as a solicitation, recommendation or an offer to buy, sell or hold any securities, other investments or to adopt any investment strategy.
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