Michael Karsch

If someone has a material piece of information to share about one of our names, I always ask that they first step back and review with me our current shared viewpoint on the stock. That helps us put in context the importance of the new information and to better discuss the extent to which it [...]

Michael Karsch

We come at valuation in a variety of ways, but the primary one is to assign probabilities to three or four different scenarios to arrive at an expected outcome, which we compare to the current share price in looking for a margin of safety.