ASIAMIN CAPITAL Advisors Pte. Ltd. is The ASIAMIN Family Office.
As the investment advisor, The Family Office oversees the capital allocation function of the group’s global financial resources which are collectively monitored internally as ' The ASIAMIN Fund '.
The Single Family Office (SFO) structure, based in Singapore, is regulated by the Monetary Authority of Singapore under its scheme for resident funds.
Since 1993, The ASIAMIN Group has a track record of wealth creation through developing and managing diverse businesses ranging from heavy manufacturing to commodity supply chains, business consulting, IT services and equity portfolio strategy across geographies. It has operational businesses and investment holding companies based in Singapore and India.
As Warren Buffett has mentioned -
"I am a better investor because I am a businessman and a better businessman because I am an investor."
That mindset has galvanised the way the Family Office thinks about enhancing investment returns while not losing capital.
The ASIAMIN Fund holds positions in approximately 15 high quality and best managed businesses globally in a concentrated equity only focussed portfolio. Top 5 equity positions typically account for over 75% of the fund and the groups net-worth.
The fund seeks value today, relative to where we believe the business will be, with a high degree of probability, over the next three to five years. Essentially all equity investments are made with the mindset of us being business owners for the long term and as minority partners in outstanding businesses run by outstanding management teams.
To quote Benjamin Graham -
"Investment is the most intelligent when it is the most businesslike."
Accordingly, it is our objective, as business analysts, to research, understand, invest in & to partner with, for the longer term, select listed companies, having superior business models with operating leverage, demonstrable pricing power, competitive cost structures, durable & widening competitive advantages, predictable, recurring & exponentially growing corporate cash flows and which are run by shareholder focused & competent management of high integrity, with a corporate culture of excellence, resulting ultimately in superior returns on equity and compounded returns for investors.
This essentially involves investing, at fair prices, in a diverse, yet concentrated focussed portfolio of superior businesses that meet the above criteria and then, critically importantly, having the patience to follow a SOYA (Sit On Your Ass) investment style.
Experience assures us that there will always be business uncertainty in the world.
Our solution to address this uncertainty is to be associated with and be invested in, only top quality businesses, powered by a corporate culture of excellence, having low-capital intensity and which are run by exceptional high integrity managers with deep industry knowhow and core competence in their respective fields.
To paraphrase John Pierpont Morgan, we endeavour to do
"first-class business in a first-class way, with first-class people"
In our experience, such a strategy provides superior returns on investments while simultaneously acting as the best hedge against inflation and economic turmoil.
Additionally it keeps life simple and honest and self selects people we associate ourselves with to seek potential investments.
We focus all our efforts in the pursuit of these rare businesses and we aim to buy minority stakes in such gems at reasonable discounts to their intrinsic values.
Once bought, our goal is to 'sit-tight', so long as these businesses remain exceptional. The average holding period for our top 3 equity positions is over 13 years.
'Buying-right' and then 'sitting-tight' and monitoring the businesses and engaging with management, allows the magic of compounding to play out over a reasonable time frame. This enables us to compound our capital at materially above-average rates of return, while significantly reducing the unacceptable risk of a permanent loss of capital.
To quote Warren Buffett once again -
"Stocks are simple. All you do is buy shares in a great business for less than the business is intrinsically worth,
with managers of the highest integrity and ability. Then you own those shares forever."
Compromising on either the quality of people, quality of managers or the quality of businesses and corporate cultures that we associate ourselves with in life, has almost always been a big mistake for us.
Strictly adhering to the above strategy optimises the endeavour to 'succeed' by living up to the following dual mandates of the ASIAMIN Family Office:
1. - Pursue our absolute passion of researching businesses to enable us to compound capital, at above average absolute rates of return, for long periods of time, in a fair, ethical and non-competitive manner, while associating with people we admire and trust, and
2. - Being privileged to then be able to use a material part of the above average compounded returns to pursue our philanthropic activities to make a positive contribution to society.
'Success' for us is well articulated by the poet Ralph Waldo Emerson as follows:
" To laugh often and much; To win the respect of intelligent people and the affection of children; To earn the appreciation of honest critics and endure the betrayal of false friends; To appreciate beauty, to find the best in others; To leave the world a bit better, whether by a healthy child, a garden patch, or a redeemed social condition;To have played and laughed with enthusiasm, and sung with exultation; To know even one life has breathed easier because you have lived. This is to have succeeded. "
And, Mr. Charlie Munger, Vice-Chairman of Berkshire Hathaway, a teacher & mentor to us, put it best, as a way of business and life, when he quoted a preacher who spoke about Charlie's grandfather's life, saying:
"None envied this man's success so fairly won and wisely used".
It is indeed our endeavour to succeed fairly, be grateful, stay humble and then use the success wisely, in making a positive difference to the world, because we lived.
Thank you for your kind interest in The ASIAMIN group. Sincerely appreciated.
Founder, CEO & CIO Executive Director
ASIAMIN CAPITAL Advisors Pte. Ltd.
The ASIAMIN Family Office is a first generation Single Family Office (SFO) with no outside limited partners, clients or stakeholders.
As such, it does not advise, manage or assist in any way in managing third party money.
Presentations made at investment forums & interviews given by the ASIAMIN Family Office are strictly for educational purposes only and in the spirit of sharing our learnings.
They are not to be construed as any investment advise or recommendations under any circumstances.
Some presentations made and interviews given can be accessed below:
Links to a few corporate and philanthropic endeavours.
Some education Institutions founded by the Late Shri Manibhai K Amin
The Elite High School, Sejakuva, Gujarat, India.
H M Amin institute of Technical Education, Mobha, Gujarat, India.
Some past & present beneficiaries of giving back to society.