Pecaut & Company
Pecaut and Company Investment Management
Pecaut & Company is a federally registered investment advisor. We manage the investment and reinvestment of our clients’ assets. Asset portfolios are composed primarily of stocks, bonds, and mutual funds. We seek to compound our clients’ wealth by carefully analyzing, selecting, and holding shares in quality businesses.
To use a metaphor from our prairie surroundings, our investment process is a lot like farming – carefully and patiently planting seeds for future harvest.
Our goal at Pecaut & Company is to grow and preserve clients’ capital by investing with a value oriented buy-the-business approach. Ideally, we seek to own businesses with dominant market positions, that generate cash, have strong balance sheets, and that have intelligent, high integrity owner/managers.
We want businesses with staying power. Nothing interrupts the compounding of wealth more disastrously than the permanent loss of capital. For when capital is lost, not only is the nominal value of the capital lost but all future gains that capital may have compounded are also lost. Therefore, it is paramount to preserve capital by investing in companies with solid balance sheets and strong market presence.
Over the years, we collect information on companies we believe are worth following, regardless of current price. Most any company will get cheap over a three to five year period, and we want to be ready when the time comes.