For over 30 years, we have consistently applied our philosophy of finding and buying the equity and fixed income securities of high-quality companies with above average earnings growth potential. We believe that, over the long-term, prices of stocks reflect the earnings progress of their companies and that high-quality companies with continued strong earnings growth will produce above average rates of return. Therefore, investors are best served by maintaining an orientation toward quality, focusing on long-term investment returns, and steadfastly adhering to strict investment discipline.