Scout Capital Management, L.L.C. was established in 1999 by James Crichton and Adam Weiss as a privately held investment firm. Scout makes concentrated investments in high quality businesses that it believes are misunderstood and incorrectly valued by the markets. Scout focuses on a small number of industries and geographies in which it believes it has developed particular insight. Scout generally makes long and short investments primarily in equities and equity-like securities. The firm has offices in New York and Palo Alto.