FAM Funds
Fenimore Private Client Group
Investment Advisors
About Fenimore

Fenimore Private Client Group

 

Investment Approach

Managing Risk 

Market Risk
Fenimore defines risk as permanent loss of capital, not price volatility — price volatility provides discounted opportunities

  • Quality: invest in high-quality businesses with conservative capital structures and proven leadership
  • Valuation: invest when stock price is at a considerable discount to our assessment of intrinsic value in order to create a margin of safety

Financial Risk
Limit our holdings to quality businesses with sound balance sheets, high profitability (high ROE/ROIC and profit margins), strong free cash flow generation, and manageable debt

  • Active Management: continually monitor appropriate measures such as P/E, P/B, P/CF, ROE/ROIC, Total Debt/Equity, and EBITDA Margin applicable to each business

Operational Risk
Focusing on adept leaders with a history of creating shareholder value, as well as our frequent contact with management, helps reduce negative surprises

  • Transparency: invest in American companies with appropriate global revenue to capture upside potential of international markets while having access to management

DISCLOSURE

The investment advisory services and FAM Funds described on our website are available only to persons in certain States within the U.S. More

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800.721.5391 / 384 North Grand Street, Cobleskill, NY 12043 / Established 1974
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Fenimore Asset Management: Investment Approach - Managing Risk
Fenimore defines risk as permanent loss of capital – not price volatility. We limit our holdings to quality businesses with strong leadership.