Makaira Partners is an employee-owned boutique investment firm based in La Jolla, California, specializing in running a concentrated portfolio of public equities. With a global client base that includes individuals, family offices, endowments, foundations, and other institutions, Makaira was founded in 2007 by Tom Bancroft, who brings with him extensive experience from his time at GEICO working with Lou Simpson and Warren Buffett.
Makaira's philosophy revolves around investing in high-quality public companies that have the potential to compound intrinsic value per share at prices that offer an attractive long-term return. Their research process focuses on gaining a deep understanding of a company's business model, competitive position, and culture, leading them to concentrate their investments in a select few companies with durable competitive advantages. With a long-term time horizon and a belief that the market price of a stock will ultimately follow the performance of the underlying business, Makaira aims to outperform passive investing over time.
Generated from the website