Ballast’s Edge in Small Cap

“Most small-cap value managers start with valuation. We start with resilience. Every company we own must produce real cash today–not just screen cheap. We invert the process: reject the downside first, then underwrite upside. That mindset helps us avoid the traps other fall into when chasing value.”

Our Capital Preservation Discipline

• We define downside before underwriting upside
• No speculative turnarounds or high-leverage traps
• Portfolio quality > index mimicry

Discipline Over Drama: How We Think About Downside

“We don’t promise to outperform in every down quarter. What we do promise is this: when volatility strikes, we’re prepared. Our process consistently demonstrates agility and an ability to upgrade the portfolio when markets overshoot on fear–and that’s how we’ve consistently compounded better than the index over time.”