“We like to craft very concentrated portfolios, anywhere from 25 to 30 companies, we like to look for businesses with very defensible competitive advantages, strong growing cash flow run by what we deem is a great management team, and we try to buy those at a discount – what we think their fair value is. We are truly long-term focused.”

Hunter Frayne, CFA®, Investment Research Analyst, recently joined Julie Cooling, Founder and CEO of RIA Channel, to discuss Fenimore’s investment philosophy.