Investing through Challenging Times

Our thoughts are with our shareholders and their advisors at this time. Below we offer perspective and thoughts on distinguishing between short-term volatility and potential long-term opportunities being created.

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Davis NY Venture Fund Portfolio Manager Commentary

“Investment opportunities are the greatest when investors are more concerned with short-term uncertainty than long-term durability. While we are in a volatile period, share prices of select durable businesses can now be purchased at 50-70% off. By focusing on facts rather than emotions, rational long-term investors can pursue wealth for tomorrow by buying these valuable companies at potentially bargain prices.”

Christopher C. Davis,
Portfolio Manager and Chairman

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