Investment Philosophy
Thomas White International, Ltd. uses a valuation-driven strategy designed to provide its clients with superior long-term performance. We believe that our commitment to in-house research is the surest path to producing superior portfolio performance.
We seek undervalued companies
The firm’s seasoned analysts publish individual monthly valuations for 3,600 companies in 45 countries. They use proprietary appraisal methods along with traditional analytical judgment to try to determine a corporation’s fundamental worth. We seek to purchase undervalued stocks that are temporarily out of favor. When such companies regain their popularity, the stocks may rise and become fully priced. These stocks may then be replaced with new bargain-priced securities.
We are capable of finding attractive stocks in every major American industry
Our analysts have a long history of searching for undervalued companies in each of the American industry groups. We benefit from this abundance of investment opportunities.
Our analysts search for undervalued securities in nearly fifty countries
With 50% of the world’s equity market outside the U.S., it only makes common sense that one should search globally to benefit from all the opportunities. Each month our international research team sets values for 1,700 non-U.S. companies. Stock markets in many countries around the world are expanding as their governments encourage the private sector as a way to boost economic growth.
We believe that diversification reduces volatility and smoothes performance
Broad diversification among economic sectors and across countries reduces an investor’s exposure to unexpected industry or regional problems. Diversification of this sort can smooth out equity performance and reduce volatility. This occurs because industries and countries are driven by slightly different forces and often move independently of one another.
Currency exchange rate volatility and political uncertainties are risks inherent in international investing. While portfolio management techniques can moderate these risks, they cannot be completely neutralized.
We are experienced professionals that focus on long-term investment strategies
We are committed to providing our clients with solid performance. We do not depend on forecasting short-term events, nor do we time the stock market. Our long-term success has come from owning undervalued stocks in broadly diversified portfolios that are designed to weather interim storms, not avoid them. In short, we believe the prudent investor has every right to be an optimist. Equity investing has rewarded the patient individual who has realistic long-term goals.
