Wiedower Capital | Long-term investing | Austin, TX

Investing for the long-term.


Travis Wiedower is the sole owner and Managing Director of Wiedower Capital LLC.



Investment Philosophy


I look at companies through a very long-term lens. When I invest in a new company, I go in with the mindset that I will own it forever (while recognizing that won’t come to fruition very often). I want to concentrate in the highest-quality companies and CEOs I can find and then I want little turnover in the portfolio.


A company is worth its future free cash flow discounted back to today. A discounted cash flow analysis shows that the majority of a company’s intrinsic value comes from the distant future (5-10+ years) as opposed to near-term results. If how a company will perform over many years is the majority of its worth today, then the durability of their competitive advantage is of paramount importance.


Because of this, my research is focused on how an industry may evolve over the next 5-10+ years and if the company’s competitive advantage can expand within that evolution. This is only possible if the CEO is focused on, and incentivized by, the long-term success of the company. More often than not, the CEO traits I look for are found in passionate founders who are internally driven to see their own business succeed.


To learn more about my investment philosophy, view my pitchbook, read my shareholder letters below, sign up for the email distribution list, or visit my investing blog at traviswiedower.com.




Marketing Materials



Pitchbook / Presentation

2018 Interim Shareholder Letter

2017 Annual Shareholder Letter

2017 Interim Shareholder Letter

2016 Annual Shareholder Letter

2016 Interim Shareholder Letter



Research



JD.com (JD) - 6.11.18

Interactive Brokers (IBKR) - 8.8.17

Where Food Comes From (WFCF) - 2.8.17



Contact



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