Long-term ownership of wonderful businesses, guided by Benfen (本分), first-principle thinking, and long-term compounding.
We aim to steward capital across generations so you can focus on what you do best and love most.
Benfen Capital was founded on the belief that true wealth creation requires patience, discipline, and a moral compass. We act as a bridge for capital, connecting it with exceptional businesses globally.
Protect your capital against inflation through ownership of productive assets.
Participate in the compounding growth of the world's best companies.
Strategic capital allocation to fund your long-term objectives.
Delegate the complex task of capital allocation to dedicated specialists.
Build a portfolio that generates returns independent of your daily labor.
“Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it.” — Albert Einstein
| Initial Investment | Rate of Return | Value after 10 Years | Value after 20 Years |
|---|---|---|---|
| £100,000 | 1% (Cash) | £110,462 | £122,019 |
| £100,000 | 7% (Equity) | £196,715 | £386,968 |
We aim to be a world-leading capital steward through long-term ownership of wonderful businesses globally. We aim to be the “bean” collector – picking great businesses run by wonderful people at the right price, with the goal of owning them for generations.
Our North Star - Doing the right thing and doing things right. Integrity is non-negotiable.
We only invest in what we deeply understand. We say "no" often.
We think in decades, not quarters. Patience is our edge.
Rule No. 1: Don't lose money. Rule No. 2: Don't forget Rule No. 1.
We form our own views based on facts, detached from the crowd.
We eat our own cooking. Our incentives are aligned with yours.
The world changes; we adapt by constantly expanding our knowledge.
We recognise that entrusted money represents someone's hard-earned life, and we manage it with uncompromising duty and respect.
“If you don't understand the first principles of what you are doing, you are likely to be swayed by the crowd.” — Elon Musk
A partial ownership interest in a living, breathing business.
The ability to generate cash flows over time, discounted back to the present.
Structural competitive advantages (Moats) that prevent competitors from eroding profits.
Long-term investing = Owning great businesses + Time + Compounding
We are long-term owners of exceptional businesses. We view ourselves as business analysts, not chart readers. Our approach is to ignore short-term market noise and macro predictions, focusing entirely on the micro-economics and fundamental health of the companies we own.
“Risk comes from not knowing what you’re doing.” — Warren Buffett
We define risk as the permanent loss of capital. We avoid capital destroyers:
We avoid all of the above.
Understanding our philosophy is crucial before investing. We have compiled our principles into an Owner's Manual.
Benfen Capital
123 Investment Lane, London, UK
Email: ir@benfencapital.com
Benfen Capital exists to preserve and compound wealth across generations — slowly, rationally, honorably, and with deep alignment between partners.
We treat every investment as if we were buying the entire business and holding it for many years. We aim to compound wealth not through cleverness, trading, or prediction, but through long-term partnership with exceptional companies run by capable, honest, rational managers.
We do not have “clients.” We have partners.
Our partners entrust us not just with capital but with hopes for their families and future generations. We treat that responsibility with humility and gratitude. We manage our own wealth alongside yours. When you prosper, we prosper.
Every action begins with the question: “What would a rational, long-term business owner do?” Our default action is often inaction, until the right opportunity appears.
We openly acknowledge the limits of our knowledge. We remain students for life.
Decisions grounded in evidence rather than emotion.
Time is the friend of a wonderful business.
Doing the right thing and doing things right.
We believe in capitalism that benefits all participants. Our preferred investments are businesses that:
The biggest risk in investing is not knowing what you’re doing.
Durable moats, pricing power, exceptional management, high returns on capital.
Buy when the price is plainly below conservative intrinsic value.
Markets fluctuate. Businesses compound. We focus on the latter.
End of Owner's Manual