Manager invests in deep discounts, high-quality names
A concentration of deep-discount, top-quality companies defines the investment strategy for Rui Cardoso, vice-president at Beutel Goodman Investment Counsel in Toronto. “When we find those great businesses, we only buy them when we can have a 50% return over a three-year investment horizon. This is a long-term perspective on value, regardless of what the short-term market sentiment is on the stock,” says Cardoso.