Cornerstone's process is simple in nature, sophisticated in practice, and timeless in its ability to discover value. We employ our proprietary Fair Value Model to identify a list of attractive candidates. Those candidates are then submitted to rigorous fundamental analysis by our Investment Team. The Team focuses on factors that drive share prices: a company's long-term returns, growth rates, and profitability. We then determine whether the embedded characteristics that have built a company's record are still in place. Only our 30 most compelling ideas make it into our risk-controlled portfolio. Stocks are sold as they approach their fair value or as more attractive candidates emerge.