Our investment process is characterized by
the following five attributes:
Disciplined: We test and verify every signal we use in our
Consistent: One of the keys behind
success in investing is consistency. Our process assures that we use our knowledge consistently
and effectively. Both our buy and sell decisions
are driven by investment models and pre-selected trading
rules, not by whims and emotions.
Objective: The human decision
process is highly influenced by emotions. As it happens, making decisions with an emotional bias
is not a plus if one wants to be an effective investor. IMI's investment disciplines take the emotion completely
out of the investment process. Our approach is methodical and calculated.
Procedural: As a rule, humans have a talent for
recognizing patterns; however, they lack the ability to
make consistently good decisions where there is an abundance
of data, such as the stock market. So we use our judgment where it counts, during the
research stage, to put together disciplined and objective
investment strategies. Once the strategy is formulated,
we reserve our judgment for the next research project,
not for interfering with our discipline.
Competent: The discipline,
consistency, objectivity and appropriate use of judgment
within our investment process builds in a high level of
competence. In other words, we strive
to build competence into the process, not into a single
We rely on these
five attributes to create an investment process that manages
the return, the risk and the costs of every portfolio.