Tweedy Revenue and Competitors

Tweedy, Browne was founded by Forrest Berwind Tweedy in 1920 as Tweedy & Co., a dealer in closely held and inactively traded securities. The firm's 87-year history is grounded in undervalued securities, first as a market maker, then as an investor and investment adviser. Our investment approach derives from the work of the late Benjamin Graham, who co-authored the first textbook on investment research, Security Analysis (1934) and authored The Intelligent Investor (1949). Graham, through his investment firm Graham-Newman Corp., was one of Tweedy's primary brokerage clients in the 1930s, 1940s and 1950s. It was through Graham that the original partners of Tweedy developed brokerage relationships with investment legends such as Walter Schloss and Warren Buffett, and met Tom Knapp, who was to come to the firm in 1957 from Graham-Newman and lead its conversion from broker to investor. In 1959, the partners of then Tweedy, Browne & Knapp pooled their capital in a partnership investment vehicle called TBK Partners. In 1968, the firm accepted its first outside money management clients as limited partners of TBK. In 1975, Tweedy, Browne registered as an investment advisor and began managing separate accounts for individuals and institutions. As of September 30, 2007, the firm managed in excess of $14.6 billion for individuals, institutions, partnerships, off-shore funds and two mutual funds of a registered investment company, the Tweedy, Browne Global Value Fund and the Tweedy, Browne Value Fund. A more complete account of the firm's colorful history is contained in the March 31, 1995 Annual Report to shareholders beginning on page 7. We think you will enjoy reading it. In 2006, Tweedy, Browne began to broadly offer its clients a value strategy that seeks long-term growth of capital by investing in companies around the globe that the adviser believes to have above-average dividend yields, an established history of paying dividends and reasonable valuations. The firm has managed some accounts in this strategy since 1979 and began to offer it more broadly beginning in 2006. In September 2007, the firm launched the Tweedy, Browne Worldwide High Dividend Yield Value Fund, which accommodates investors of all sizes. Learn more about this new Tweedy, Browne Fund offering by clicking here.