Clipper Fund PM Commentary

  • The end of the “easy-money” decade and its market distortions
  • Why business fundamentals matter again
  • Why this makes us optimistic about the coming decade

A Return to Rationality

The Bursting of the Easy Money Bubble: A Huge Transition for the Markets

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How the End of the Easy Money Era is Ending a Decade of Distortions

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Investment Themes We’re Focusing on Today

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Mastering the Mental Game of Investing
Mastering the Mental Game of Investing

Mastering the Mental
Game of Investing

A video series with Chris Davis and Morgan Housel on developing the mindset of a successful investor.

Watch the Series

Unique Attributes

  • The Clipper Fund is a no-load equity mutual fund advised by Davis Selected Advisers, L.P. (Davis Advisors). We offer investors a number of unique attributes:

    Sixty Years of Experience

    Davis Advisors has successfully managed money through many environments – including periods of inflation, recession, rising and falling energy prices, rising and falling interest rates, and bull and bear markets.

    Consistency of the Davis Investment Discipline

    For three generations, the Davis family has built wealth by purchasing durable, well-managed businesses at value prices and holding them for the long term.

    Aligned with Shareholders

    With more than $2 billion invested side by side with clients, we experience the same risks and reap the same rewards.1

Fund Snapshot

  •  Fact SheetCommentaryPerformance
  • Pricing (as of 12/01/2023)

      Price Change Ticker Fund # CUSIP
    $125.46 0.58 CFIMX 126 188850101

Privacy Statement and Business Continuity Plan | Terms of Use | Proxy Voting Information

This material must be accompanied or preceded by a current Clipper Fund Prospectus. Carefully consider the Fund's investment objective, risks, fees, and expenses before investing or sending money. Read the prospectus carefully before you invest or send money. The prospectus contains this and other information and can be obtained by clicking here or calling 800.432.2504. Davis Distributors, LLC, is the distributor of the Clipper Fund.

1As of December 31, 2022. Includes Davis Advisors, the Davis family and Foundation, our employees, and Fund directors in similarly managed accounts and strategies.

Shares of the Clipper Fund are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.