Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Winter 2019
Dec 31, 2019
“While increased refinancing could indicate consumers’ confidence in a strong economy, we remain focused on thorough research to be able to navigate a market that may be in a state of euphoria.”
Auxier Report: Fall 2019
Sep 30, 2019
“We are finally seeing a renewed focus on productive assets with strong underlying cash flows as opposed to money losing story-stocks where revenue growth was prized at any price. “
Auxier Report: Summer 2019
Jun 30, 2019
“New technology disrupters garner excitement and often nosebleed valuations.”
Auxier Report: Spring 2019
Mar 31, 2019
“Trade uncertainty and Brexit are contributing to weakness in Europe, Japan and China which impacts US companies exposed to those end markets.”
Auxier Report: Winter 2018
Dec 31, 2018
“There are no easy formulas. It is day-to-day nitty gritty grinding focus on details. Costco founder Jim Sinegal was famous for his saying “retail is detail.” That is what serious investing is all about. Otherwise you are speculating.”