NGM Capital is an investment firm focused on public equity

With a time horizon measured in decades, we are patiently playing the long game. Our mission is to be dependable partners to like-minded investors by generating world class investment returns over the long term.

We view stocks as fractional ownership in businesses. As such, we adopt an owner’s mentality. We operate conservatively, always investing with a margin of safety and believe markets are there to serve, not instruct us.

We manage a simple, singular, long-biased but unconstrained investment strategy. We are opportunistic generalists by nature, but only make investments within our circle of confidence, comfort and competence.

We run a reasonably concentrated, all-weather portfolio, making few rigorously researched and carefully selected investments. We maintain high barriers to portfolio entry – if it’s not an easy yes, it’ll be an easy no.

We focus on exceptional businesses that exhibit durable economic characteristics led by exceptional people. We seek to identify CEOs who think like owners and focus intently on driving per share intrinsic value over the long run.

We care deeply about what we do and the people we do it with. We operate with the attitude of a partnership, As the operating partner, we promise blood, sweat and tears in our relentless pursuit of excellence. We play to win.