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Value oriented portfolio of small cap equity holdings

Small-Mid Cap Value

Value oriented portfolio of small-mid cap equity holdings

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Value oriented portfolio of mid cap equity holdings

Large Cap Value Select

Value oriented portfolio of large cap equity holdings

Dividend All-Cap Value

Value oriented portfolio of all cap equity holdings paying high and growing dividend yields

Focused Absolute Value®

Value oriented portfolio of all cap equity holdings

June 1, 2023

Perfectly Confident: How to Calibrate Your Decisions Wisely

Don A. Moore

Nobel Prize winner Daniel Kahneman once wrote that overconfidence is “the most significant of the cognitive biases.” Using compelling examples from various fields, the author advises both individuals and organizations to reflect on how to avoid overconfidence and be “less wrong.” From thinking in confidence intervals to considering the average opinion and relying on data, investors and investment firms can likely improve personal and professional performance. Investors should trade less often and sell their losers while organizations should find ways to reward well-intentioned failure. The book may help investors better calibrate their own confidence and help take Voltaire’s words to heart: “Uncertainty is an uncomfortable position, but certainty is an absurd one.”

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