Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Year End 2014
Dec 31, 2014
“In the face of soaring prices, investors’ brains consistently seem to disengage about supply and demand, investment odds and the normal cyclicality and volatility of developed economies. “
Auxier Report: Fall 2014
Sep 30, 2014
“We like managements focused on gains in per share intrinsic value—not growth at any price. Spin-offs and split-offs are welcomed managerial moves. “
Auxier Report: Summer 2014
Jun 30, 2014
“We continue to believe that the best approach today is to be very selective, flexible and focused on quality businesses that have temporarily fallen out of favor with the investment community. “
Auxier Report: Spring 2014
Mar 31, 2014
“With over 40,000 hours of cumulative research on individual stock and bonds through numerous market declines, we should be able to add value in assessing and quantifying risk.”
Auxier Report: Year End 2013
Dec 31, 2013
“In addition, the U.S. has a large but unpublicized peace dividend with the winding down of two wars.”