faq
Frequently Asked Questions
Learn more about Tortuga Capital’s investment philosophy, risk framework, valuation approach, and long-term orientation.
Value investing is an approach focused on identifying opportunities where market price appears meaningfully below a conservative estimate of underlying value. The difference between price and value is commonly referred to as a margin of safety.
We believe market prices can reflect short-term sentiment, while underlying business value changes more slowly. A long-term focus allows investors to remain patient while market recognition of value develops.
We define intrinsic value as a conservative estimate of what an informed buyer would pay for an entire business. We then evaluate whether the market price of an investment appears meaningfully below that estimate.
We may use discounted cash flow analysis, net asset value analysis, comparable valuations, conservative assumptions, and scenario analysis.
We define investment risk primarily as the permanent loss of capital. We believe short-term price volatility and permanent impairment are not the same thing.
We seek to manage risk through margin of safety, diversification, conservative valuation, and patience.
Tortuga Capital emphasizes independent research, business-owner thinking, conservative valuation, and long-term patience rather than short-term market sentiment.
Tortuga Capital’s focus is investment management and research. It does not provide comprehensive financial planning, tax planning, or estate planning services.
Tortuga Capital is located in Fort Myers, Florida.
Use the contact form or contact information provided on this website to start a general inquiry.