Tweedy, Browne Company LLC 4th Quarter 2018 Letter

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About: Tweedy, Browne Global Value Fund (TBGVX), TWEBX, TBCUX, Includes: AKO.A, AKO.B, AXSPY, AZO, BASFY, BCKIY, BIDU, BOLRF, CCL, CNHI, DBSAY, DBSDY, DVN, FEO, GS, HAOOF, HLPPY, RHHBY, SAFRY, SBSNY, SINA, SOSPF, TKFTY, TOT, VZ, WFC, WPP, ZEON
by: Fund Letters
Summary

Tweedy, Browne is a $13.5 billion investment partnership based on the Graham-Dodd approach to value investing.

Most major U.S., global and international developed market indices faced double digit declines in the fourth quarter as heightened concerns around continued monetary tightening, increasing odds for a hard Brexit, trade war fears, and a slowing growth outlook continued to weigh on investor sentiment.

In this less than optimistic environment, all four of our Funds gained considerable ground on their market indices, finishing the quarter between 246 and 495 basis points (2.46% and 4.95%) ahead of their respective benchmarks.

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.