Plaisance Capital is committed to a Contrarian Value investment philosophy. Our team – above all else – focuses its resources on determining the long-term intrinsic value of a business and comparing that estimation with the price offered in the public equity markets. We maintain a long-term time horizon, and we believe our willingness to hold contrarian positions without short term market validation, constitutes a competitive advantage.
We believe that momentum reinforcing market forces, namely pro-cyclical algorithmic trading and classic greed and fear driven actions, cause mispricings of individual securities. We find these mispricings across market cycles, although we see them as particularly pronounced at the end of long cycles.