Funds Currently Managed
Tweedy Browne Global Value Fund (TBGVX), co-manager since inception, June 1993.
Tweedy Browne American Value Fund (TWEBX), co-manager since inception, December 1993.
Investment Style Overview
Adheres to “classic value” investment philosophies of Benjamin Graham; purchasing stocks trading at significant discounts to “intrinsic value.” Global Value Fund focuses on developed markets around the world.
Key Stock Selection Criteria
*Low price-to-earnings, price-to-book value, and price-to-cash flow ratios.
*Above-average dividend yield.
*Low price-to-sales ratio relative to industry peers
*Price has declined significantly from its previous high.
Key Sell Criteria
*Stock price reaches intrinsic value.
*Becomes too large a position in the portfolio.
Robert Q. Wyckoff, Jr. is a Managing Director of Tweedy, Browne Company LLC, and has been with the firm since 1991. He previously held positions with Bessemer Trust, C.J. Lawrence, J&W;. Seligman, and Stillrock Management. He received a B.A. from Washington & Lee University, and a J.D. from the University of Florida School of Law.