Darden Financial provides investment management where we believe the potential for reward outweighs the risk entailed. All of our investment activities operate according to the unifying philosophy that follows:
The Primacy Of Risk Control
Superior investment performance should not be the primary goal, but rather with less-than-commensurate risk. Above average gains in good times are not proof of a manager's skill. Thus, rather than merely searching for prospective profits, we place the highest priority on preventing losses.
Emphasis On Consistency
Oscillating between top-quartile results in good years and bottom-quartile results in bad years is not acceptable to us. It is our belief that a superior record is best built on a high batting average rather than a mix of brilliant successes and dismal failures. The sheer mathematics of compounding rewards consistency.
Top Down & Bottom Up Investing
We believe in investing through in-depth knowledge of companies and their securities, not through attempts at predicting what is in store for the economy, interest rates or the securities markets. Although we believe a reasoned perspective on macro-forcasting is important, we are careful to evaluate balance sheets before recommending individual securities as part of our efforts to mitigate risk.