“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock” -- Warren Buffett 1996 letter to Berkshire Hathaway shareholders Shannonside Capital is an international value investing firm founded on the principles outlined by Mr. Buffett in this quote. Our investment objective is to achieve outstanding investment returns over the long run while minimising risk of capital loss. In pursuing this objective, portfolio manager Brian Flynn targets equity investments in high-quality businesses with sustainable competitive advantages and favourable growth prospects. Investments are restricted to securities which are appraised to be trading at substantial discounts to intrinsic value. Such discounts are sought in order to provide a margin of safety to protect investors. Shannonside seeks to strongly align incentives with investor interests by carefully structuring investment management incentives and by investing in companies with shareholder oriented executive compensation policies.