Investment returns are too often treated as evidence of foresight, when they are in fact outcomes of structure — the way one values businesses, interprets time, and makes decisions. At Zenith Grove, that structure is expressed through an integrated analytical framework built on three working principles: Patience, Craft, and Purpose.
Each represents a different dimension of long-term investing. Patience concerns the evolution of intrinsic worth over time; Craft measures and bounds the Competitive Advantage Period (CAP) that sustains profitability; and Purpose ensures that profits are grounded in productive enterprise and capital discipline rather than financial engineering. Together, these elements form a system for managing value across time, linking theory and practice into a coherent philosophy of investment.
What follows is a high-level explanation of our methodology, organised around these three principles and concluding with a practical summary of how we apply them in portfolio construction.