The Perceptive Investor

Success leaves clues

In The Perceptive Investor, global hedge fund manager Ardal Loh-Gronager shows that by learning from the world’s most successful value investors and notable business figures it is possible to better understand the depth and breadth of the full investment landscape and confidently participate in it. Part One explores the financial concepts needed to become a successful value investor while Part Two outlines the individual securities selection process he uses at Loh-Gronager Partners. Honed from ‘Standing on the Shoulders of Giants’ and years of experience in both business and in markets – some painful!

Your goal as an investor should be simply to purchase, at a rational price, a part interest in an easily understood business whose earnings are virtually certain to be materially higher, five, ten, and twenty years from now. Over time, you will find only a few companies that meet those standards – so when you see one that qualifies, you should buy a meaningful amount.

Warren E. Buffett,  Chairman of Berkshire Hathaway

The more hard lessons you can learn vicariously rather than through your own hard experience, the better.

Charles T. Munger, Vice-Chairman of Berkshire Hathaway

The art, science and temperament of successful value investing

With humility, a fascination for business and endless intellectual curiosity, it is possible to find your own formula for value investing success. This book will give you the educational grounding you need for success on your own value investing journey and perhaps more importantly, help you to avoid, many of the potential mistakes.

The Author

Ardal Loh-Gronager has enjoyed an unconventional life. Half-Danish, born in the UK and educated across Europe, Asia and Australia, Ardal is a serial entrepreneur starting his first business at seven years old. He fully endorses Warren Buffett’s belief that 'I am a better investor because I am a businessman, and a better businessman because I am no investor‘.

His investing career began in earnest in 2009, as the markets were still reeling from the Global Financial Crisis (GFC). Over the following 12 years he turned the $150,000, he’d made from his various business ventures into over $10 million by investing in public markets, while forging his own value investing philosophy.

Today, Ardal is the Founder and Managing Partner of London based Loh-Gronager Partners, an Investment Partnership based on the principles of the original Buffett Partnerships, established by Warren Buffett in the 1950s.

Loh-Gronager Partners is an Investment Partnership based on the principles of the original Buffett Partnerships, established by Warren Buffett in the 1950’s. We are concentrated, longterm, value investors, looking to partner with exceptional businesses. Our portfolio businesses demonstrate strong growth potential, widening ‘economic moats’ and are run by high-integrity management, who think as we do: as business owners. To beat the market over the long-term you have to be doing something different. This sentiment is at the heart of Loh-Gronager Partners’ business strategy as well as investment strategy.

We believe that we must lead by example and operate our Investment Partnership at the same high standards as we hold our portfolio businesses. To align ourselves with our Investor Partners, the majority of our personal liquid assets will, over time, form the single largest investor base in the fund. We treat our Investor Partners, who have entrusted us with their capital, as we would wish to be treated, as true Partners and to this end, do not charge a traditional management fee. Our personal returns mirror those of our Investor Partners and are entirely driven by our Funds’ performance.

Although we accept expressions of interest, our Investment Partnership is accessible by invitation only. For further information please contact us via our website, www.LohGronagerPartners.com.