Free Cash Flow Yield as a Measure of Value (2:13)

Being on the sidelines may feel safer, but over the long term inflation destroys cash’s purchasing power while equities build true wealth

Chris Davis on his firm’s time-tested, benchmark-agnostic investment approach, and two fundamental questions that lie at the heart of their research process.

Why are Financials attractive now? Financials are the cheapest sector in the market, yet have the strongest balance sheets in their history, growing market dominance, record net income and an improving regulatory environment.