To that end, they established a blueprint for managing an investment firm emphasizing independent ownership, stability, and the high ethical standards of a true fiduciary. They also developed the investing principles that remain in place at Dodge & Cox today: a long-term investment horizon, individual security selection grounded by the relationship of fundamentals to valuation, and portfolio diversification. With this foundation, we manage equity, fixed income, and balanced separate accounts and mutual funds for individuals and institutions from a single office location, two blocks from where the firm began.
The firm’s independence frees us to pursue the singular goal of creating lasting value for our clients. The longevity and stability of our investment team enable us to fully incorporate the lessons from past market environments into the ongoing stewardship of our clients’ assets. Finally, we believe that the best way to succeed as a firm is to focus our resources on serving our existing clients well.
The philosophy that guides the management of our investment portfolios is built on traditional principles: we invest with a long-term horizon, employ a rigorous price discipline, and conduct our own research. Our decision-making process takes full advantage of individual insights within a team-oriented culture. These factors drive the achievement of the competitive returns we seek for our clients.