We seek to invest in companies that are not overly sensitive to specific investment fads, but rather in companies that I believe will do well in all market conditions. Many of the Fund’s portfolio holdings are companies that are buying back their own stock and they are positioned to respond to consumer demand in an up or down market.
As you may guess, the companies in the Fund’s portfolio do not tend to be ones that are part of the deal or the trade of the moment as are many ‘hot’ deals touted on the twenty-four hour news programs. Rather, the Fund’s portfolio tends to have securities with assets that we feel will hold up to the long-term passage of time. It is my hope that time will continue to be a friend to our investments and that the portfolio securities will continue to appreciate as times goes by.
Read the complete shareholder letter
Also check out:
As you may guess, the companies in the Fund’s portfolio do not tend to be ones that are part of the deal or the trade of the moment as are many ‘hot’ deals touted on the twenty-four hour news programs. Rather, the Fund’s portfolio tends to have securities with assets that we feel will hold up to the long-term passage of time. It is my hope that time will continue to be a friend to our investments and that the portfolio securities will continue to appreciate as times goes by.
Read the complete shareholder letter
Also check out:
