Q: You describe your strategy as “endurance investing.” How long do you typically look to hold a stock?
A: We always feel like we are taking a 20-year investment approach. With 20 years, you can measure the competency of an investor. A lot of people can look good in bull markets or bear markets if positioned properly. But over a 20-year time horizon, you’re likely to have bull and bear markets, a recession, wars, and bubbles. Our investors have bought into this approach.
~ Harold "Jay" Bowen III, "How ‘Endurance Investing’ Produced 50 Years of Market-Beating Returns for This Tampa Pension Plan," Barron's, July 19, 2025
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