Fannie Mae

PSCM is a concentrated, research-intensive, fundamental value investor in the public markets. Their funds’ investment objectives are to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. The firm defines risk as the probability of a permanent loss of capital, rather than price volatility. In their value approach to investing, PSCM seeks to identify and invest in long and short investment opportunities they believe exhibit significant valuation discrepancies between current trading prices and intrinsic business (or net asset) value, often with a catalyst for value recognition. They focus on deeply undervalued or overvalued securities due to their belief that a well-priced purchase or short sale is often the most important determinant of the success of an investment. In addition, PSCM believes that the acquisition of a portfolio of investments, when acquired at a large discount to intrinsic value, provides a margin of safety that can mitigate the likelihood of an overall permanent loss of each fund’s capital.

Pacific Capital Wealth Advisors, Inc. is an American private company located in Corona, CA. The firm provides investment advice. It was founded by Chad T. Willardson, he is the current CEO, occupying that position since 2011.

Matthew 25 is an open-ended, non-diversified, investment company that seeks long-term capital appreciation through investments in common stocks or securities convertible into common stocks. Income, through dividends or interest, is a secondary objective. They invest in public companies of all market-caps. Matthew 25 typically holds between 12 and 22 securities and can own up to 25% of their assets in one security.Matthew 25 blends growth and value investing in their securities selection process, placing emphasis on valuing a business, which then leads to calculating a value for the company's securities. They use this information when buying or selling stocks to increase potential returns or to reduce the risk of price declines of their investments.Matthew 25 evaluates four factors when valuing a company and its securities including business economics, management abilities, financial condition and stock price. They look for companies with low debt and sufficient working capital. They also look for a market price at or below a company's fair value. While they normally invest in domestic companies, Matthew 25 may also invest in stocks of foreign companies that trade on US exchanges or over the counter markets. They may also take temporary defensive positions that include all types of US government obligations and money market funds. This would be done in response to adverse market conditions or an inability to find securities that satisfy their price and quality standards. Matthew 25 may invest in special situations, such as the fixed-income securities of a company in default. These securities include secured or unsecured bonds and preferred stocks.