James Rooney

Because we're looking for companies generating substantial free cash flow, we put a significant premium on managers who are first-rate capital allocators and who have our interests at heart. If we find a great business, the only way it becomes a great investment is if management directs the marginal dollar of free cash flow to [...]

James Rooney

We tell management that the idea is not for them to get investors to buy their stock, but to give them reasons never to sell it. When they get that, we're interested.

James Rooney

We're looking for the prospect of an accelerating rate of positive change. That means we're naturally drawn to management changes, turnarounds, or, more generally, to We search for companies in which change can alter the future for the better. That can mean a change in management. It can mean a change in management's attitude toward [...]