To download a PDF of this report, click here.
December 19, 2013 To download a PDF of this report, click here.
We have completed the sale of Paychex Corp. (PAYX) from the Fund’s portfolio at an average sales price of $41.04 per share. As with many of our holdings we gradually... 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 →