Triumf Capital is a value oriented, research driven investment management firm. Our goal is to seek maximum capital appreciation commensurate with reasonable risk. We define risk as the probability of loss of capital, rather than price volatility. In our value approach to investing, we seek to identify and invest in long and short investment opportunities that we believe exhibit significant valuation discrepancies between current trading prices and intrinsic business (or net asset) value, often with a catalyst for value recognition. Our belief is that an investment made at a large discount to intrinsic value will provide a margin of safety that can mitigate the likelihood of an overall permanent loss of capital.