The Delphi Team
Strong In-House Research

Solid Results

“There’s an old adage, supposedly attributed to Warren Buffett, which says anyone who could pick the market, you’d love to be his broker, but not his partner…

My point is that when you try to pick the market based upon rational assumptions, it seems like you are always wrong. It is better to stay fully invested by buying good businesses that are statistically cheap and forgetting about the market overall.”

Scott Black
Barron’s Rountable ‘98
January 19, 1998

We don’t try to guess which way the market is going –  we are only concerned with whether an investment i) is a good business and ii) can be purchased at a cheap price in the marketplace. To do this we rely on our in-house research staff, dedicated to understanding the ins and outs of every investment we make.