Tweedy, Browne Company LLC

Investment Discipline

Tweedy, Browne Company LLC (“Tweedy, Browne”) is a leading practitioner of the value-oriented investment approach advocated by Benjamin Graham. The firm seeks to invest in companies trading at a substantial discount to their true business value while emphasizing a long-term, low turnover strategy grounded in individual stock selection. Tweedy, Browne's investment discipline emphasizes preservation of capital while seeking a satisfactory rate of return. Tweedy, Browne utilizes a team of analysts to screen financial databases containing over 20,000 domestic and foreign companies using fundamental financial criteria such as price/earnings and price/book value ratios. Once certain stocks have been identified using this screening process, an in-depth, bottom-up investment study is conducted using quantitative analysis, management interviews, insider buying studies and company interviews. Investment decisions are made by the firm's management committee which consists of Christopher H. Browne, William H. Browne and John D. Spears, who have worked together continuously since the mid-1970s. This team was named International Fund Manager of the Year for 2000 by Morningstar, Inc.

The Firm

Tweedy, Browne is a New York City-based, Graham & Dodd style value-oriented global and domestic equity manager. The Company, founded in 1920 as the brokerage firm Tweedy & Company, is both a registered investment adviser and a registered broker-dealer, and has a research office in London. The firm's Managing Directors are Christopher H. Browne, William H. Browne, John D. Spears, Robert Q. Wyckoff, Jr. and Thomas H. Shrager. Tweedy, Browne provides investment management for institutions, individuals, partnerships, offshore funds and two mutual funds.

Contact Information

350 Park Avenue
9th Floor
New York, NY 10022-6033
(800) 432-4789
www.tweedy.com