Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Fall 2018
Nov 16, 2018
“For the past decade momentum strategies continued to outpace those based on price, value and buying at a discount to intrinsic value. That may be changing.”
Auxier Report: Summer 2018
Jun 30, 2018
“Higher inflation rates tend to compress stock price-earnings ratios making high expectation momentum strategies vulnerable to sharp corrections on earnings disappointments. “
Auxier Report: Spring 2018
Mar 31, 2018
“Higher interest rates in time tend to alter behavior and punish the “buy at any price mentality,” especially stocks sporting exciting stories that lack healthy cash flows.”
Auxier Report: Winter 2017
Dec 31, 2017
“As an investor, it is so important to tune out crazy news headlines and relentlessly focus on facts and fundamentals pertaining to company cash flows, revenues and execution.”
Auxier Report: Fall 2017
Sep 30, 2017
“The effect of technological disruption has been dramatic in retail with the “Amazon effect” rapidly transforming how goods are delivered and consumed.”