Each of the six team members-all of whom are partners in the firm-brings specific skills to the group. Beitner's background, for example, includes public affairs and economics, so he specializes in analysis of macroeconomic trends. Boston has an accounting degree and had been a financial sector analyst. Beitner says, "He's the person we lean on when provisions and disclosures get murky." Each of the six also has the expansive experience and interests of a generalist. When it comes to assigning a company for valuing and monitoring, Beitner says, "the Harvard medical school graduate [Li] might be in charge of a technology name, while the Cornell engineer [Flores] might do healthcare. What makes this doable is that we have concentrated portfolios of about seven securities per person, and we hold on average for five years." Winnowing Down The goal is a high-conviction portfolio of high-quality companies with competitive advantages that can benefit from longterm trends that promise to drive sustained high growth. Brian Beitner, managing partner and lead portfolio manager at Chautauqua Capital Management. global.morningstar.com/Morningstarmagazine 95http://global.morningstar.com/Morningstarmagazine