Investment Management - , ,
Permian Partners was founded in 2001 during the Internet bust by former Microsoft manager, Peter Atkins, who helped to develop and manage some of Microsoft's early consumer Internet efforts, including Sidewalk.com, and later was responsible for looking at Internet related investments on behalf of Microsoft. We look at buying stock the same way we would evaluate buying an entire business. We aim to invest in companies we understand well, when we think they have defendable franchises, are managed by competent, entrepreneurial teams, and are available at reasonable prices. Our ideal holding period is long term. A guiding principal is the consideration of common stocks as units of ownership of a business and the purchase of them when market valuation appears low relative to the long term economic prospects of the business.We think good investment ideas are rare. As a result, we think it makes sense to focus on making a small number of great investments, versus doing many less well.
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