Identifying Great Companies
Now Offered at a Discount

Dominant, growing businesses are currently available at prices not seen in years – Exceptional opportunities for investors who think long term

  • Davis NY Venture Fund Portfolio Manager Commentary

    “Market trends continue to favor short-term growth and hype over long-term value and durability. Fifty years has taught us that a willingness to be out of favor in the short term creates the opportunity to build wealth in the long term.”

    - PM Chris Davis, Selected American Shares Fall Review 2020

New PM Reviews – Fall 2020

Our Portfolio Managers on the markets and how we are positioning portfolios now to pursue the opportunities being created.

PM Video Commentary

Video: Barron’s Interviews Chris Davis —
Three Timely Insights for Investors Chris Davis on why investor mindset is so important in environments like today’s, why volatility can be an investor’s friend, and emerging opportunities for the disciplined investor.

Video: Chris Davis on WealthTrack The mindset that fosters investing success through difficult markets; emerging opportunities for long-term wealth building.

  • Davis NY Venture Fund Portfolio Manager Commentary

    “What's next? Rather than trying to make short-term predictions, we have built wealth for five decades by buying durable, growing and profitable businesses with the strength to weather the storms.”

    - PM Danton Goei, Selected American Shares Fall Review 2020

Current Insights

  • Selected American Shares
    PM Fall Review 2020

    "As the banks emerge on the other side of this current crisis with their balance sheets and earnings power intact, we anticipate that attitudes towards the sector could improve significantly, leading to a significant increase in their relative valuations..." - Portfolio Manager Chris Davis

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, 2019.

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.