We believe the power of compounding is the most underappreciated and valuable investment concept.  A dedicated, diligent research effort is the key to pursuing the objective of long-term capital appreciation in this “go anywhere” value fund.  Our unique advantage comes from the wisdom of managing portfolios in every kind of market for over 30 years.  We strive to maintain an intense work ethic with the goal of mastering the principles of capital allocation.

Morningstar says “this fund’s strategy has a lot going for it…..his security-selection criteria are strict and sound. Further, he makes full use of the market-cap spectrum and readily builds distinctive sector weights, so this fund’s portfolio stands out from the large-value crowd.” (3/22/2010)

It is imperative for an investor to study history and past market behavior in an effort to avoid repeating costly mistakes. Jeff Auxier spends 8 – 10 hours daily researching annual reports, trade journals and investment publications. We evaluate domestic and international companies traded on the major exchanges using a value-oriented approach. Each individual holding is constantly monitored and the operating fundamentals scrutinized. We aim to think independently and rationally. We are skeptical of conventional wisdom. The proper temperament, humility and emotional control are critical.