Our clients understand and believe in our investment approach. We share one objective, namely, to grow their capital significantly. Working toward that goal involves risk and requires patience. We invest with a long-term perspective, recognizing that periods of volatility, sometimes extreme, are inevitable in this process. Our method is not for everyone. We make mistakes; at times, so do the companies we invest in. Therefore, our accounts experience large quarterly or even yearly fluctuations. We go to great lengths to ensure that clients understand exactly what we do, and more importantly, that our investment approach fits their needs. Establishing this clarity of purpose from the outset enables us to concentrate more fully on what we do best.

We spend our time studying companies. We meet with management to better evaluate their businesses, plans for growth and incentives. Companies visit our offices, and we frequently travel to their headquarters and other facilities to further assess their prospects. We augment these visits by talking to employees, suppliers, partners and competitors. We go to trade shows and conferences, read industry-specific publications and speak to numerous analysts to build an information mosaic around the companies we follow. Our craft is to understand the microeconomics of a business, then synthesize information about competitive, economic, and internal factors to determine which issues represent opportunities or potential dangers. Capitalizing on these opportunities and responding quickly to downturns requires intensive focus. Timing can prove crucial. Our clients hire us for this ability, and give us the freedom to act on their behalf (without authorizing each decision) by signing a limited power of attorney.

Commissions and Fees
Non-Retirement accounts are charged commissions equal to 2% of the net trade amount of each transaction. Additionally a service fee of no more than $0.05 per share will be charged to your non-Retirement account for each trade. Retirement accounts are not charged commissions or a service fee. Rather they are charged a flat management fee equal to 2.25% per annum paid monthly in arrears based on average capital balance.