Core Viewpoint - Horizon Kinetics LLC is an independently owned investment boutique that emphasizes a long-term, contrarian, fundamental value investment philosophy established over 26 years ago [1] Company Overview - Horizon Kinetics was formed in May 2011 and is the parent company of Horizon Asset Management LLC, Kinetics Asset Management LLC, and Kinetics Advisers, LLC, along with various affiliates [1] - The company has over 70 employees and operates primarily from New York City and White Plains, New York [1] Investment Philosophy - The firm believes that a short-term investment approach leads to sub-optimal long-term returns and advocates for extending investment time horizons to leverage the power of compounding [1] - Horizon Kinetics employs independent, fundamental research to drive its investment strategies, often taking contrarian views to capitalize on the marketplace's short-term focus [1] Research Approach - Publishing research has been fundamental to the investment process since Horizon's inception in 1994, with a focus on framing investment ideas in writing to mitigate behavioral finance errors [1] - The research team consists of fifteen analysts producing six different reports for the institutional investment community [1] Investment Strategies - Horizon Kinetics offers separately managed accounts, mutual funds, and alternative investment products for both individual and institutional investors, including Kinetics Mutual Funds, Inc. [1] - The company aims for absolute returns and constructs concentrated portfolios based on explicit research and broad investment guidelines, avoiding attempts to track any benchmark or index [1] - The independent investment process seeks to deliver superior risk-adjusted returns that are generally less correlated with peers, making its strategies potentially attractive for broader asset allocations [1]