Takumi Capital Management, LP
Real opportunities are rare. We, then, tend to have concentrated portfolio and don't trade frequently.
"The stock market is a no-called-strike game. You don't have to swing at everything." - Warren Buffett
We own companies that have sustainable differentiating power.
They have pricing power. Their customer relationship is sticky. They can increase their market presence overtime.
We take positions only when we can purchase companies at significantly lower prices than their intrinsic value.
"In the short run, the market is a voting machine but in the long run, it is a weighing machine." - Ben Graham