Morningstar Magazine - December/January 2015 - Cover3

S

elected Funds managers know that the long-term

Christopher C. Davis
Danton G. Goei

value of an organization is inexorably linked to the
quality of the people who run the organization.
So we don't just research the company, we also

research the men and women who run the company.
We look for visionary leaders who know where
they want to take the organization. Leaders with a
clear strategy, and the tenacity to stay focused on what
needs to be executed. Leaders who will look you in the
eye, tell you what they're going to do, and deliver
results, "doers" not "bluffers."
Selected Funds is guided by the core belief that
the most reliable way to create wealth is by remaining
invested in durable companies over the long term. This
may lead to lower turnover, lower costs, fewer taxable
events, and better long-term results for shareholders.¹
As a demonstration of confidence in our long-term
strategy, the Davis family, Davis Advisors, employees,
and directors are the largest shareholders in the
Selected Funds. This group has more than $2 billion in
our mutual funds.²
¹Equity markets are volatile and an investor may lose money.
²As of 6/30/14.



Morningstar Magazine - December/January 2015

Table of Contents for the Digital Edition of Morningstar Magazine - December/January 2015

Contents
Morningstar Magazine - December/January 2015 - Cover1
Morningstar Magazine - December/January 2015 - Cover2
Morningstar Magazine - December/January 2015 - 1
Morningstar Magazine - December/January 2015 - 2
Morningstar Magazine - December/January 2015 - Contents
Morningstar Magazine - December/January 2015 - 4
Morningstar Magazine - December/January 2015 - 5
Morningstar Magazine - December/January 2015 - 6
Morningstar Magazine - December/January 2015 - 7
Morningstar Magazine - December/January 2015 - 8
Morningstar Magazine - December/January 2015 - 9
Morningstar Magazine - December/January 2015 - 10
Morningstar Magazine - December/January 2015 - 11
Morningstar Magazine - December/January 2015 - 12
Morningstar Magazine - December/January 2015 - 13
Morningstar Magazine - December/January 2015 - 14
Morningstar Magazine - December/January 2015 - 15
Morningstar Magazine - December/January 2015 - 16
Morningstar Magazine - December/January 2015 - 17
Morningstar Magazine - December/January 2015 - 18
Morningstar Magazine - December/January 2015 - 19
Morningstar Magazine - December/January 2015 - 20
Morningstar Magazine - December/January 2015 - 21
Morningstar Magazine - December/January 2015 - 22
Morningstar Magazine - December/January 2015 - 23
Morningstar Magazine - December/January 2015 - 24
Morningstar Magazine - December/January 2015 - 25
Morningstar Magazine - December/January 2015 - 26
Morningstar Magazine - December/January 2015 - 27
Morningstar Magazine - December/January 2015 - 28
Morningstar Magazine - December/January 2015 - 29
Morningstar Magazine - December/January 2015 - 30
Morningstar Magazine - December/January 2015 - 31
Morningstar Magazine - December/January 2015 - 32
Morningstar Magazine - December/January 2015 - 33
Morningstar Magazine - December/January 2015 - 34
Morningstar Magazine - December/January 2015 - 35
Morningstar Magazine - December/January 2015 - 36
Morningstar Magazine - December/January 2015 - 37
Morningstar Magazine - December/January 2015 - 38
Morningstar Magazine - December/January 2015 - 39
Morningstar Magazine - December/January 2015 - 40
Morningstar Magazine - December/January 2015 - 41
Morningstar Magazine - December/January 2015 - 42
Morningstar Magazine - December/January 2015 - 43
Morningstar Magazine - December/January 2015 - 44
Morningstar Magazine - December/January 2015 - 45
Morningstar Magazine - December/January 2015 - 46
Morningstar Magazine - December/January 2015 - 47
Morningstar Magazine - December/January 2015 - 48
Morningstar Magazine - December/January 2015 - 49
Morningstar Magazine - December/January 2015 - 50
Morningstar Magazine - December/January 2015 - 51
Morningstar Magazine - December/January 2015 - 52
Morningstar Magazine - December/January 2015 - 53
Morningstar Magazine - December/January 2015 - 54
Morningstar Magazine - December/January 2015 - 55
Morningstar Magazine - December/January 2015 - 56
Morningstar Magazine - December/January 2015 - 57
Morningstar Magazine - December/January 2015 - 58
Morningstar Magazine - December/January 2015 - 59
Morningstar Magazine - December/January 2015 - 60
Morningstar Magazine - December/January 2015 - 61
Morningstar Magazine - December/January 2015 - 62
Morningstar Magazine - December/January 2015 - 63
Morningstar Magazine - December/January 2015 - 64
Morningstar Magazine - December/January 2015 - 65
Morningstar Magazine - December/January 2015 - 66
Morningstar Magazine - December/January 2015 - 67
Morningstar Magazine - December/January 2015 - 68
Morningstar Magazine - December/January 2015 - 69
Morningstar Magazine - December/January 2015 - 70
Morningstar Magazine - December/January 2015 - 71
Morningstar Magazine - December/January 2015 - 72
Morningstar Magazine - December/January 2015 - 73
Morningstar Magazine - December/January 2015 - 74
Morningstar Magazine - December/January 2015 - 75
Morningstar Magazine - December/January 2015 - 76
Morningstar Magazine - December/January 2015 - 77
Morningstar Magazine - December/January 2015 - 78
Morningstar Magazine - December/January 2015 - 79
Morningstar Magazine - December/January 2015 - 80
Morningstar Magazine - December/January 2015 - 81
Morningstar Magazine - December/January 2015 - 82
Morningstar Magazine - December/January 2015 - 83
Morningstar Magazine - December/January 2015 - 84
Morningstar Magazine - December/January 2015 - 85
Morningstar Magazine - December/January 2015 - 86
Morningstar Magazine - December/January 2015 - 87
Morningstar Magazine - December/January 2015 - 88
Morningstar Magazine - December/January 2015 - 89
Morningstar Magazine - December/January 2015 - 90
Morningstar Magazine - December/January 2015 - 91
Morningstar Magazine - December/January 2015 - 92
Morningstar Magazine - December/January 2015 - 93
Morningstar Magazine - December/January 2015 - 94
Morningstar Magazine - December/January 2015 - 95
Morningstar Magazine - December/January 2015 - 96
Morningstar Magazine - December/January 2015 - Cover3
Morningstar Magazine - December/January 2015 - Cover4
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