Silver Heights Capital Management is an exclusive, discretionary investment management firm focused on high-conviction, absolute return investment management. Founded in 2006 and based in Toronto, we apply a time-tested, business-minded rational approach to investing. A founding principle of our firm is “Investment First” – investment excellence always takes precedence. This principle governs everything we do. We manage money for affluent individuals, families and select institutions. We invest alongside our clients, as we believe that strong alignment between our clients’ interests and our interests achieves the best results. Silver Heights' founders and investment team have the majority of their investment portfolios invested in the same assets that clients hold. Silver Heights’ goal is to achieve superior, risk-adjusted absolute returns while minimizing the risk of permanent capital impairment over the long term. We seek to invest in high-quality businesses, only acquiring shares when prices are below our estimate of the intrinsic value of the business, thereby putting less capital at risk and enhancing potential returns. When we find these opportunities, we will take meaningful positions. We aim to assemble a concentrated portfolio of 10-20 high-quality names. It is our belief that wealth is created and optimized when we have the greatest exposure to our best ideas. To learn more about Silver Heights and how we think about investing and risk, please visit www.silverheights.com or contact us directly.