Skip to main content

Our philosophy and process

At Diamond Hill, we have consistently applied an intrinsic value equity investment philosophy since our founding. We seek to buy ownership stakes in businesses trading for less than what they are worth and wait for that value to be realized over time.

Under our intrinsic value investment philosophy, we:

Treat every investment as a partial ownership interest in that company

Seek to always invest with a margin of safety

Possess a long-term investment temperament

Recognize that market price and intrinsic value tend to converge over a reasonable period of time

We believe the price that you pay for a business is critical. Great businesses do not in and of themselves make great investments — as Warren Buffett has pointed out, “Price is what you pay; value is what you get.” We only initiate holdings — long or short — when they are available at a sufficient discount or premium to our assessment of the intrinsic value.

Alternative strategies

 
“We view investing as taking an ownership stake in a business, so our research process is designed for us to think like business owners in the same way that an owner-operator would.”

—Nate Palmer, CFA, Portfolio Manager

Strategy team discussion

Investment team highlights

  • We have an experienced centralized research team that supports our equity strategies.
  • Our research analysts are industry experts and cover the entire market cap spectrum looking for both long and short opportunities within their respective areas of expertise.
  • Our team interacts daily to ensure efficient decision making and to avoid silos of information, and the team meets monthly to discuss the market environment, company events, and relevant news.
  • Our experienced equity research team is at the heart of our process, and the ideas our team generates are the foundation for building portfolios designed to outperform the market and peers over the long run.
DIAMOND HILL® CAPITAL MANAGEMENT, INC. | DIAMOND-HILL.COM | 855.255.8955 | 325 JOHN H. MCCONNELL BLVD | SUITE 200 | COLUMBUS, OHIO 43215
Back to top