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Wisdom of Great Investors


  • 1. Be Patient and Think Long-Term
  • 2. Disregard Short-Term Forecasts
  • 3. Make a Habit of Investing Regularly
  • 4. Don’t Try to Time the Market
  • 5. The Power of Equities
  • 6. Markets Fluctuate. Stay the Course.
  • 7. A Market Correction is an Opportunity
  • 8. Equities Have Built Wealth Despite Crises

  • 1. Be Patient and Think Long-Term


    “The stock market is a device to transfer money from the ‘impatient’ to the ‘patient’.”

    Warren Buffett,
    Chairman, Berkshire Hathaway

    Launch Infographic

     

    2. Disregard Short-Term Forecasts


    “The function of economic forecasting is to make astrology look respectable.”

    John Kenneth Galbraith,
    Economist and Author

    Launch Infographic

     

    3. Make a Habit of Investing Regularly


    “Systematic investing will pay off ultimately, provided that it is adhered to conscientiously and courageously under all market conditions.”

    Ben Graham,
    Father of Value Investing

    Launch Infographic

     

    4. Don’t Try to Time the Market


    “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.”

    Peter Lynch,
    Legendary Investor and Author

    Launch Infographic

     

    5. The Power of Equities


    “History has shown that equities are the best way to build long-term wealth.”

    Shelby M.C. Davis,
    Legendary Investor

    Launch Infographic

     

    6. Markets Fluctuate. Stay the Course.


    “Individuals who cannot master their emotions are ill-suited to profit from the investment process.”

    Ben Graham,
    Father of Value Investing

    Launch Infographic

     

    7. A Market Correction is an Opportunity


    “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.”

    Warren Buffett,
    Chairman, Berkshire Hathaway

    Launch Infographic

     

    8. Equities Have Built Wealth Despite Crises


    “History provides crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”

    Shelby M.C. Davis,
    Legendary Investor

    Launch Infographic

     

WISDOM of

GREAT INVESTORS

This piece is authorized for use by existing shareholders. A current Davis Funds prospectus must accompany or precede this material if it is distributed to prospective shareholders. You should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. Read the prospectus carefully before you invest or send money.

Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756, 800-279-0279

Disclaimer

Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that, when redeemed, an investor’s shares may be worth more or less than their original cost. The total annual operating expense ratio for Class A shares as of the most recent prospectus was 0.89% The total annual operating expense ratio may vary in future years. Returns and expenses for other classes of shares will vary. Current performance may be higher or lower than the performance quoted. For most recent month-end performance, click here or call 800-279-0279.

Objective and Risks. Davis New York Venture Fund’s investment objective is long-term growth of capital. There can be no assurance that the Fund will achieve its objective. The Fund invests primarily in equity securities issued by large companies with market capitalizations of at least $10 billion. Some important risks of an investment in the Fund are: stock market risk: stock markets have periods of rising prices and periods of falling prices, including sharp declines; manager risk: poor security selection may cause the Fund to underperform relevant benchmarks; common stock risk: an adverse event may have a negative impact on a company and could result in a decline in the price of its common stock; large-capitalization companies risk: companies with $10 billion or more in market capitalization generally experience slower rates of growth in earnings per share than do mid- and small-capitalization companies; mid- and small-capitalization companies risk: companies with less than $10 billion in market capitalization typically have more limited product lines, markets and financial resources than larger companies, and may trade less frequently and in more limited volume; headline risk: the Fund may invest in a company when the company becomes the center of controversy. The company’s stock may never recover or may become worthless; financial services risk: investing a significant portion of assets in the financial services sector may cause the Fund to be more sensitive to problems affecting financial companies; foreign country risk: foreign companies may be subject to greater risk as foreign economies may not be as strong or diversified. As of December 31, 2019, the Fund had approximately 24.8% of assets invested in foreign companies; emerging market risk: securities of issuers in emerging and developing markets may present risks not found in more mature markets; foreign currency risk: the change in value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency; depositary receipts risk: depositary receipts may trade at a discount (or premium) to the underlying security and may be less liquid than the underlying securities listed on an exchange; and fees and expenses risk: the Fund may not earn enough through income and capital appreciation to offset the operating expenses of the Fund. See the prospectus for a complete description of the principal risks.

Davis Advisors is committed to communicating with our investment partners as candidly as possible because we believe our investors benefit from understanding our investment philosophy and approach. Our views and opinions include “forward-looking statements” which may or may not be accurate over the long term. Forward-looking statements can be identified by words like “believe,” “expect,” “anticipate,” or similar expressions. You should not place undue reliance on forward-looking statements, which are current as of the date of this report. We disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise. While we believe we have a reasonable basis for our appraisals and we have confidence in our opinions, actual results may differ materially from those we anticipate.

Broker-dealers and other financial intermediaries may charge Davis Advisors substantial fees for selling its funds and providing continuing support to clients and shareholders. For example, broker-dealers and other financial intermediaries may charge: sales commissions; distribution and service fees; and record-keeping fees. In addition, payments or reimbursements may be requested for: marketing support concerning Davis Advisors’ products; placement on a list of offered products; access to sales meetings, sales representatives and management representatives; and participation in conferences or seminars, sales or training programs for invited registered representatives and other employees, client and investor events, and other dealer-sponsored events. Financial advisors should not consider Davis Advisors’ payment(s) to a financial intermediary as a basis for recommending Davis Advisors.

We gather our index data from a combination of reputable sources, including, but not limited to, Thomson Financial, Lipper and index websites.

The S&P 500® Index is an unmanaged index of 500 selected common stocks, most of which are listed on the New York Stock Exchange. The Index is adjusted for dividends, weighted towards stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. Investments cannot be made directly in an index.

Shares of the Davis Funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.



Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756, 800-279-0279, davisfunds.com

Davis Funds
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      • Prices
      • Performance
      • Taxes & Distributions
      • New York Venture Fund
      • International Fund
      • Global Fund
      • Financial Fund
      • Opportunity Fund
      • Balanced Fund (formerly Appreciation and Income Fund)
      • Real Estate Fund
      • Government Bond Fund
      • Government Money Market Fund
      • Equity Portfolio (formerly Value Portfolio)
      • Real Estate Portfolio
      • Financial Portfolio
  • SMAs & ETFs
    • Large Cap Value SMA Portfolio
    • All-Cap SMA Portfolio
    • International ADR SMA Portfolio
    • Global ADR SMA Portfolio
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  • Commentary / Videos
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    • Successful Investing Library
    • Mastering the Mental Game of Investing
    • Wisdom of Great Investors
    • Wisdom of Great Investors – Quotes
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    Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756