Our investment philosophy is simple. No effort is made to forecast the stock market. Businesses in which we invest must have favorable economic characteristics, a business franchise, generally including rising sales and earnings, a strong competitive position, strong management and balance sheet. Our goal is to focus on business fundamentals, as opposed to stock market dynamics and purchase shares at a fair price while holding until the fundamentals of a company change. We promise to invest your capital as carefully as we do our own, because we know that your hopes for your family`s future are every bit as sacred to you as ours are to us.