"Value investing is literally a treasure hunt for value. Regardless of the economic, investment and political environment, we must be unshaken in our conviction. We must abide by our fundamental value disciplines to sniff out undiscovered opportunities.

We must possess deep patience and have considerable stamina to withstand share price volatility and client criticism. We must be prepared to be temporarily wrong in the short-run and to withstand the "heat". We must stick to our value philosophy and remain committed no matter how tough the investment climate may become.

From our clients' point of view, we want them to fully understand our value philosophy, investment style and deep commitment. We ask them to be patient in both good and difficult times. In return we will endeavour to give 100% of our abilities toward our common goal of investment excellence."