The Success Of The Firm 's 94 Year History

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The Firm’s 94-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment advisor. The Firm’s investment approach derives from the work of the late Benjamin Graham, co-author of the first textbook on investment research, Security Analysis (1934) and author of The Intelligent Investor (1949). Graham, through his investment firm Graham-Newman Corp., was one of the Firm’s primary brokerage clients in the 1930s, 1940s, and 1950s. It was through Graham that the original partners of the Firm developed brokerage relationships with investment legends Walter Schloss and Warren Buffett … In 1959, the partners of then Tweedy, Browne & Knapp pooled their capital in a partnership investment vehicle. In 1968, the firm accepted its first outside money management clients as limited partners of this vehicle. In 1975, Tweedy, Browne registered as an investment advisor and began managing separate accounts for individuals and institutions. As of September 30, 2014, the firm managed approximately $21.4 billion for individuals, institutions, partnerships, off-shore funds and four mutual funds Tweedy, Browne have made available a number of research reports, one of which is entitled “What Has Worked In Investing, Studies of Investment Approaches and Characteristics Associated With Exceptional Returns”, or “What has worked” for short. What Tweedy, Browne have done is read about 50 published reports, each of which evaluates the results of
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