Selected American Shares Fund PM Commentary

  • The end of the “easy-money” decade and its market distortions
  • Why business fundamentals matter again
  • Why this makes us optimistic about the coming decade

A Return to Rationality

The Bursting of the Easy Money Bubble: A Huge Transition for the Markets

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How the End of the Easy Money Era is Ending a Decade of Distortions

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Investment Themes We’re Focusing on Today

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Mastering the Mental Game of Investing
Mastering the Mental Game of Investing

Mastering the Mental
Game of Investing

A video series with Chris Davis and Morgan Housel on developing the mindset of a successful investor.

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Unique Attributes

  • Fifty Years of Experience

    Our investment discipline has been utilized to build wealth by purchasing durable, well-managed businesses at value prices and holding them for the long term.

    Aligned with Shareholders

    With more than $2 billion invested in funds and other accounts following the same investment strategy*, we experience the same risks and reap the same rewards.

    Long-Term Investment Results

    We have a history of delivering strong, consistent investment results through full market cycles. Click here to learn more about our long term results.

Fund Snapshots

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* As of December 31, 2022.

1The Attractive Growth and Undervalued reference in this piece relates to underlying characteristics of the portfolio holdings. There is no guarantee that Fund performance will be positive as equity markets are volatile and an investor may lose money.

This material must be accompanied or preceded by a current Selected Funds prospectus. Carefully consider the Fund’s investment objectives, risks, fees, and expenses before investing or sending money. Read the prospectus carefully before you invest or send money. The prospectus contains this and other information and can be obtained by clicking here or calling 800.243.1575. Davis Distributors, LLC, is the distributor of the Selected Funds.

Shares of the Selected Funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.