Value investing, the investment philosophy pioneered by Benjamin Graham, aims to help people avoid the pitfalls of speculation. For nearly a century, investors who have followed the precepts of that school of thought have produced superior long-term investment results.
Despite the weight of evidence demonstrating the virtues of value investing, a culture of speculation now dominates the financial industry. Short-term thinking is more widespread today than ever. In this fast-changing and often volatile world, in which citizens in our aging societies must increasingly fund their own retirement, protecting and building long-term wealth is vital.
Our mission is to be a trusted partner to our clients by always serving their best interests. While large parts of the financial community are increasingly detached from the real economy, we invest as owners. When you buy a stock, you do not buy a financial instrument – you become part owner of a cash-generating real asset. Our clients benefit from a direct participation in the real economy and the companies we invest in benefit from a qualified contribution to the efficient allocation of capital.
Value investing is inherently sustainable investing, since investing as an owner ensures a focus on the long-term value creation of the franchise. Our investment philosophy emphasises the protection of the investment, as well as generating a reasonable long-term return well in excess of inflation.
Mensarius was founded in 2007 as European Value Partners, and has since developed into a well-recognised asset manager with a long and consistent track record. At the heart of the company is the investment approach designed by portfolio manager and founding partner Tom Stubbe Olsen, whose investment results date back to 1998. This time-tested and robust investment process has produced superior risk-adjusted investment returns over a period of more than 18 years.
The inspiration for our name comes from Mensarius, who was a trusted financial advisor during the Roman Empire. The Mensarius was seen as someone to whom you could safely entrust your money, confident he would fulfil his fiduciary obligations and serve your best interests. He played a beneficial role in Roman society, resulting in a position of high esteem and general respect. We share this devotion to our fiduciary duty, which is a guiding principle of our company.