Leon Frazer’s long-term approach to investing

November 04, 2013


“If you don’t feel comfortable owning something

for 10 years, then don’t own it for 10 minutes.” 

— Warren Buffet

Is Leon Frazer a long-term investor?

Leon Frazer buys companies that can grow their dividends over time.

“As long-term investors we don’t care about quarterly results  — provided the company is on track,” says Ryan Bushell, Leon Frazer Portfolio Manager. “Dividends don’t generally get cut on one quarter of disappointing earnings. Dividends don’t generally get cut because there is a change in management. A new guy might come in and totally restructure the company and whack earnings but the board is not going to cut the dividend. There is a stable aspect to dividends that is very comforting.

“You can have a long term view if you watch the dividend instead of watching the stock price.”

For Pension Fund Newsletter Issue One, click here.