The Risk Side of Valuation Investing

Having financial strength behind every stock helps a lot, because even the the quant model is incredibly useful so we can see the amount of market related risks we're taking. So you have to have companies that have so much financial strength to weather whatever the future may bring. And then from a quant perspective, the quants help us understand our quants from our own proprietary multi factor risk model. Every single stock, we know how much additional volatility the stock will add to the portfolio.