Cheviot Value Management, LLC
Balanced Portfolio Composite
Performance Report
January 1, 2000 Through December 31, 2010
Cheviot Value Management, LLC
Balanced Portfolio Composite
Performance Report
January 1, 2000 Through December 31, 2010
“Value investing...is simply the process of determining the value underlying a security and then buying it at a considerable discount from that value. It is really that simple. The greatest challenge is maintaining the requisite patience and discipline to buy only when prices are attractive and to sell when they are not, avoiding the short-term performance frenzy that engulfs most market participants.”
— Seth Klarman
Wall Street Revalued: Imperfect Markets and Inept Central Bankers (Wiley 2009) by Andrew Smithers, 246 pages. Since the eruption of financial crisis in 2008, a spate of books has appeared seeking to explain the cause, and identify the culprits of … Read more
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