Dorsey Asset Management

Dorsey Asset Management is a single-strategy, capacity-limited investment adviser aiding long-term institutional investors. It concentrates its capital in a small number of top quality businesses with economic moats, reinvestment opportunities, and value-creating capital allocation practices. The firm invests globally and eschews short selling, using leverage, or hedge currency exposure. The firm manages a single long-only equity strategy, concentrating on clients' capital in 10 - 15 competitively advantaged businesses with the potential to compound shareholder value at above-average rates. The firm purchases businesses at reasonable discounts to a rational assessement of intrinsic value, and seeks to partner with corporate managers they believe can allocate capital in ways that benefit long-term minority shareholders.