“History provides crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”

Shelby M.C. Davis,
Legendary Investor

Every Market Has Its Challenges...

...Yet Equities Have Built
Long-Term Wealth

Hypothetical $10,000 Investment
S&P 500® 1970-2022

Chart represents performance of S&P 500® Index from 1/1/1970 to 12/31/2022. Past performance is not a guarantee of future results.

Equities Have Built Wealth Despite Crises

“As stewards of our shareholders’ savings, it is important to share the wisdom we have acquired over more than half a century of investing.”

Chris Davis
Portfolio Manager and Chairman