I strive to attain three simultaneous goals with respect to returns in the "growth" or long term portfolios I manage:

• These goals may not always be achieved, but they are the forces that guide all my investment selections.
  

Don’t Lose Money:

At all times, my goal is to maintain the principal in Remick Capital accounts. While stock markets are inherently volatile, I will attempt to only purchase investments with enough margin of safety to protect against any major portfolio losses. In general I welcome volatility as it tends to create opportunities to purchase great companies at attractive prices, but I understand the value of being able to sleep at night knowing your investment capital is secure. Please see my 1st Quarter 2008 Letter to see a more detailed description of how I approach risk in Remick Capital portfolios.

Outperform the US Stock Market:

Over the shorter term (two to five years), my goal is to outperform the US stock market as defined by the Wilshire 5000 index ETF.

Provide Clients with a Real Return of 10%:

My long term (five years and longer) investment goal is to double clients’ money in real (inflation adjusted) terms every 7 years. This corresponds to a return of approximately 10% above inflation (which compares to a historical return of approximately 6% after inflation for the total US stock market).

Performance Summary:

Below is the performance summary (as well as benchmark data) for accounts managed by Remick Capital as of the quarter ended 12/31/2011. As of that date, total Assets Under Management (AUM) for Remick Capital were approximately $3.0m. Average Annual (Inception) performance is calculated since inception on 3/31/2007.

Please view the Remick Capital performance disclosure to keep the performance results in context.