• Although we will never reach his level – Warren Buffett. He has enhanced Benjamin Graham's concept of Value Investing with the concept of "compounding economics". Buffett also invests in a very selective way and with a long-term perspective.

• We try to compensate for our disadvantages in intelligence and experience compared to Buffett by focusing on European small caps: in this segment market inefficiencies are higher than in large caps. Today, Buffet is practically limited to large caps due to the large amount of money he is administering.

• As we
  1. have no steady inflow of float from a growing insurance business
  2. are small enough to be able to sell (and buy again) we sell more often than he would do.