FAM Funds are managed according to a thoughtful, disciplined, value approach to investing. While our long-term goal is to earn superior investment returns, we also recognize that most prudent investors are equally concerned about reducing risk so that long-term investment goals can be pursued with some peace of mind.

Our investment selection process focuses on individual companies, not market sectors. We consider each investment idea as if we were going to buy the entire company. Our investment philosophy is based on Benjamin Graham and David Dodd's 1934 classic, Security Analysis, which outlines the key elements to value investing, which include: stock ownership, focus on good businesses with strong management and the purchase of securities with a margin of safety. Based on Graham's methodology, we have developed our own investment criteria and perform our own research. Our fundamental analysis and on-site company visits and discussions with senior management are both critical steps in our decision to invest.