“ON GOING THE EXTRA MILE: It’s not unusual for us to visit a company and they tell us a live analyst has never shown up at the headquarters.” – Tom Putnam, Founder & Chairman
Read the Value Investor Insight article.
“John D. Fox discusses Fenimore Asset Management and the FAM Value Fund. As a value investor, Mr. Fox aims to invest in high-quality companies at a discount to what he thinks they are worth. The FAM Value Fund primarily holds mid-cap companies but does have some large- and small-cap names. The portfolio is fairly concentrated. It holds less than 40 stocks, and about 50% of the money is invested in 14 of those stocks. When looking for a high-quality company, Mr. Fox wants a business with strong financials, manageable
debt, high returns on capital and good free cash flow. He also favors honest management teams who are good allocators of capital.” Read The Wall Street Transcript article.
January 2, 2017 marked the 30th Anniversary of the FAM Value Fund and our foray into the mutual fund industry! Read more in the cover article of our winter newsletter Mutual Advice.
John Fox, Chief Investment Officer, discusses FAM Funds’ approach to active management, market valuations, the election, and where he is finding value on the company level. Fox also shares ways in which we mitigate risk with a long-term perspective and a focus on high-quality companies. Listening to the podcast, you will find evidence based on market trends within the active vs. passive and political environments.