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Pasture the Company

The company & its principal activities

Subsidiary investing

Corporate Governance

Our Subsidiary Investing

Pasture believes that

1. Stock is the ownership of a business, not a lottery ticket.

2. To buy good businesses at fair prices rather than fair businesses at good prices.

3. It is far better to own even 1,000 shares of an excellent company than 100,000 shares of a mediocre company.

Pasture does not practice modern portfolio theory.

When Pasture buys 1000 shares of a company, Pasture thinks of it in terms of buying the whole company, just as if Pasture buys a  bank, say, HSBC, down the street. If Pasture buys the bank, Pasture will want to know the bank's management, finance, services and products, competitors, customers and suppliers, brand name loyalty, the bank's intrinsic value, etc. Furthermore, Pasture will estimate whether the above-mentioned fundamentals will be poorer, the same or better five to ten years later. Pasture treats the bank as its subsidiary, even Pasture owns only 0.00001 % stock of the bank. 

In more details, Pasture strictly practices the followings:
 

       _{Pasture Investment Corporation Limited}