Conviction-based management
« The stock market demands that you have convictions. Those who don't become its victims. »

Approach and values
« Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty – as in the autumn of 2008 – drives security prices to particularly low levels, they often become less risky investments. »


Contact
« The intelligent investor is a realist who sells to optimists and buys from pessimists. »
Saphir Invest SA
Rue du Grand-Chêne 6
1003 Lausanne
Switzerland
