Dear Friends and Family,

We’ve been successfully using fundamental financial models to select securities for over 50 years. Here’s why:

1. Models act as checklists.
2. Good models suggest both buy and sell signals.
3. Model-based investing improves forecast accuracy (50% vs. 20%).
4. They create a framework to analyze past performance.
5. Model portfolios tend to carry lower risk and outperform over time.
6. They reduce emotional decisions.
7. They lower costs and may increase returns.
8. They provide consistent, research-supported outperformance.

Sincerely,

Katz Family Financial