Ruane, Cunniff & Goldfarb

Ruane, Cunniff & Goldfarb operates as a registered investment adviser that manages capital through its flagship Sequoia Fund and related separately managed accounts. The firm's approach is rooted in the belief that a stock share signifies an ownership interest in a business, guiding its strategy to research and hold companies with a long-term mindset, often spanning decades. It prioritizes understanding business quality and management competence over short-term market fluctuations.

The firm was founded in 1969 by William J. Ruane, Richard T. Cunniff, and Robert Goldfarb. Their founding insight centered on the importance of viewing equity investments from the perspective of a business owner, emphasizing intrinsic value and a deep understanding of underlying enterprises rather than speculative trading. This fundamental orientation has shaped the firm's distinctive investment philosophy.

Ruane, Cunniff & Goldfarb serves clients invested in Sequoia Fund and those with separately managed accounts, cultivating relationships based on transparency and partnership. The company’s long-term vision involves consistently applying its disciplined investment philosophy to identify and acquire high-quality businesses at attractive valuations, striving for enduring capital appreciation for its partners.