Details what distinguishes Davis Advisors and the fund, and why these attributes should be important to investors interested in pursuing long-term wealth.

Illustrates how the "slow and steady" Davis Investment Discipline does not have to outperform every benchmark in every year to end up outperforming the benchmarks over the long term.

Recently, Morningstar began issuing "Stewardship Grades", measuring an investment manager's commitment to shareholders interests. Of the 1052 funds graded, only 65 funds or less than 10% of funds earned the highest overall Stewardship grade of "A". Two of these 65 funds are Selected American Shares and Selected Special Shares (8 of the 65 funds are managed by Davis Selected Advisers).

Detail on the Davis Investment Discipline, the evolution of this approach over three generations of successful investors, information regarding our process for selecting stocks and what we look for in a company, as well as a profile of the investment professionals at Davis.

A short history of Davis Advisors and our unique approach to building long-term wealth through investing in equities, including: what we look for in a company, how we arrive at an appropriate purchase price and the factors that may prompt us to sell a position.

Insights into the types of investor behavior that we believe foster the creation of long term wealth. Covers such important themes as: expecting and dealing with uncertainty, setting realistic equity return expectations, focusing on the "knowable and important", why emotions can prompt investors to "Buy High / Sell Low", why patience can provide a real investment advantage and more.

Illustrates why long term investment sucess requires a commitment to a consistent strategy - and the real costs to investors of wavering from such a discipline.*

This hypothetical advertisement allows the investor to read mutual fund ads with a critical eye and make decisions more appropriate for their long-term goals (Copyright © 2003 by the Investment Company Institute)