Cardinal Capital turns 30 this year. We are truly honored to celebrate this significant milestone. For three decades, Cardinal Capital has remained steadfastly focused on generating superior risk-adjusted returns for our clients. Over that period, our aim has always been to invest wisely and create value while maintaining a conviction that preserving wealth is the first step toward growing it.
As we reflect on our thirtieth anniversary, it is clear that the world has changed in many ways over the last three decades. Still, our mission has remained the same – delivering superior risk-adjusted returns for our clients. Cardinal Capital was founded in 1992, around the same time the world wide web was introduced. Since then, we have managed portfolios through constantly changing market conditions that included three significant recessions. We have built and managed diversified portfolios that represent the best set of opportunities throughout that time. Behind this strategy is that successful investing is not an exercise in price anticipation, but value recognition. Our experience has demonstrated that through eras of constantly changing investment themes and fads, maintaining diversified portfolios of high quality, financially strong companies have historically rewarded long-term, patient investors. Long holding periods allow for the power of compounding to work in a tax-efficient way.
One thing is sure, financial markets will continue to change, presenting both risk and opportunity. Yet, the more things change, the more they stay the same. Maintaining a disciplined investment methodology and putting our clients’ interests first and foremost has been the hallmark of Cardinal Capital’s success over three decades. Maintaining this commitment will ensure our success over the next thirty years.
Reflecting on our journey so far, we would like to acknowledge and express thanks to our many valued clients for your trust and support. Sharing our process with our clients promotes understanding and clarifies objectives. We think our openness is still pretty rare for investment managers today. This alignment of interest between the firm and its clients prevails to this day.
We look forward to continuing our engagement with you over the next thirty years. We wish all the best to you and your loved ones for a happy, healthy, and prosperous year ahead.