Richard P. Cook

Mr. Richard P. Cook is co-portfolio manager and President of the Fund. Before forming Cook & Bynum Capital Management in 2001, Mr. Cook worked for Tudor Investment Corporation in Greenwich, Connecticut. Mr. Cook attended Hampden-Sydney College where he graduated summa cum laude with a B.S. in Economics, Mathematics, & Applied Mathematics and was a member of Phi Beta Kappa.

J. Dowe Bynum

Mr. J. Dowe Bynum is co-portfolio manager and Vice President and Secretary of the Fund. Before forming Cook & Bynum Capital Management in 2001, Mr. Bynum worked as an analyst in the Equities Division of Goldman, Sachs & Co., Inc. in New York, New York. Mr. Bynum attended Princeton University and graduated with a B.S.E. in Operations Research & Financial Engineering and a Certificate in Finance.

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There is no assurance that any investment or investment strategy will achieve its objectives.

Investment Decision Criteria Portfolio Managers Investment Adviser

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Invert, Always Invert Kelly Criterion Psychology of Errors Thoughts on Risk Leverage Moats Opportunity Knocks Overpriced Markets New Frontiers