As ‘quality-growth’ investors we apply a long-term-oriented investment approach, which relies on companies’ fundamental value creation, i.e., earnings development, as the determinant share-price driver.

Unraveling the mystery of the "long-term growth conundrum” requires thinking in a dynamic rather than static way in order to understand that value, while potentially unstable, can evolve and increase overtime.

For investors it makes sense to have patience in equity investing and to focus on the micro strengths of companies instead of macro ‘insights’ of the market at large.

Business models and investing strategies can be classified the same way: those that are coarse and able to withstand shocks, and those that are highly tuned to do very well in a specific set of circumstances, but poorly in others.