The Castle Focus Fund (MOATX) finished the year 2012 up 2.57% while the S&P 500 was up 16.00%. Some of our underperformance was attributable to our cash position. We started... read more →
Fourth Quarter Letter Market Comments Benjamin Graham, the father of value investing, once theorized that speculators prosper through ignorance, as knowledge is not necessary during bull markets and experience acts... read more →
Distributions as of December 20, 2012 To download a PDF of this report, click here.
At St. James Investment Company (sub-advisor to the Castle Focus Fund) we best describe our investment process as a long-only approach to absolute-return investing. Our hope is that this characterization... read more →
In Michael Lewis’ Moneyball, the Oakland A’s took a critical look at the role of the statistics generated by the baseball players they evaluated. By questioning convention, A’s management noted... read more →
Alexandria, Virginia (October 29, 2012) - Castle Investment Management, LLC, the Advisor to the Castle Focus Fund (MOATX), is pleased to announce that it is waiving a portion of its... read more →
The most controllable determinants of investment returns are the level of valuation at which investors choose to initiate their investment and the level of valuation at which they choose to... read more →
Third Quarter Letter Market Comments There is an old saying that the definition of insanity is doing the same thing over and over again and expecting different results. Evidently, the... read more →
Many market strategists and traders began the year accepting the premise that the United States was experiencing a self-sustaining recovery. Nearly every economic release was interpreted with a positive tilt.... read more →
The S&P 500 finished the first quarter with its biggest gain since 1998, up 12%. Technology stocks rose 21.1% with financials up 21.5%, leading all sectors. Apple, the world’s largest... read more →