I am a Chartered Financial Analyst with over 8 years experience conducting bottom up, fundamental equity research as a generalist analyst covering Investment Style: Quality Value, Value, Deep Value. My investment horizon is long term (3-5 years or longer) as the short term nature of many market participants leads to a divergence between fundamentals and market price. Our circle of competence are businesses with a competitive advantage. This circle of competence leads us to three types of investments in order of attractiveness. 1. Great Businesses with a competitive advantage trading at an IRR above our hurdle rate. 2. Good Business which may not have a competitive advantage the business is trading at very attractive valuations 3. Profitable Businesses trading below their liquidation value As I move down the investment spectrum above, the greater the business risk, the greater the required return and the greater the need for diversification.