3S Capital - Our Focus

"Rule No 1: Don't lose money."

"Rule No 2: Don't forget rule no. 1."

"Always incorporate a very strong margin of safety in your entry price."

"Always focus on the downside, the upside takes care of itself."

"Stay within a well defined circle of competence."

"High returns on capital in the form of free cash flow."

"Avoiding where others go wrong is an important step in achieving investment success."

"Be greedy when the world is fearful, be fearful when the world is greedy."

"Only invest/work with people who have their own skin in the game."

"When you make an investment, it goes down 50% and you don't want to buy more, you are speculating."

"Markets are simply the equilibrium of supply and demand of liquidity."

"You are a better investor if you think like a businessman and a better businessman if you think like an investor."

"Over- Confidence is the enemy of the investor. Stay humble, egoless, skeptical and flexible."

"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria."

"A bird in the hand is better than 2 in the bush."

"The market can stay irrational a lot longer than you can stay solvent."

"You are neither right nor wrong because the crowd disagrees with you."

"Compounding interest is the most powerful force on earth."

"The unexpected happens far more than one expects."

"Focus is about being able to say NO."

Equity