Quarterly Letter
View the Fund's S.E.C. standardized returns, rankings and other important disclosure information
Auxier Report: Spring 2013
Mar 31, 2013
“A major misperception among investors is that bigger equates with better and safe.”
Auxier Report: Year End 2012
Dec 31, 2012
“Misallocation based on extremely easy credit has contributed materially to the two major market declines in the past 12 years. This past yaer the mindless rush for yield drove investors into the danger zone once again.”
Auxier Report: Fall 2012
Sep 30, 2012
“The economy continues to suffer from excessive indeptedness and weak revenue growth, a backdrop that favors the type of top-quality companies we own.”
Auxier Report: Summer 2012
Jun 30, 2012
“It’s often helpful to look back in history to see how exceptional investors reacted when confronted with seemingly insurmountable problems.”
Auxier Report: Spring 2012
Mar 31, 2012
“We strive to capture the power of compounding over time by materially outpacing the market during downturns and refusing to load up on hot stocks during rallies.”