Our process... FOCUSED FRAMEWORK: We rely exclusively on focus, discipline, simplicity, buying distressed, resiliency, concentration, intrinsic value, large cash reserves, and distinguishing risk from uncertainty. PROPRIETARY FILTER: Over the past 8 years, we have developed a replicable process which relies on a combination of over 100 objective and subjective factors to provide a filter of the most attractive opportunities in common stocks world-wide. UNCOMPROMISING STANDARDS: Active investing is concentrated investing. We believe that investors should not pay active fees for index hugging and that managers incentives should align with investors. At Tenma, we only make money when you do.