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Dodge & Cox
In 1930, in the midst of the Great Depression, Van Duyn Dodge and E. Morris Cox formed a partnership to provide investment counsel. Their confidence in this endeavor was fortified by Morrie Cox’s conviction that “well-conceived professional investment management could bring the force of some order into a rather chaotic investment world.”

To that end, they established a blueprint for managing an investment firm emphasizing independent ownership, stability, and high ethical standards. They also developed the investing principles that remain in place at Dodge & Cox today: a long-term investment horizon, individual security selection grounded by the relationship of fundamentals to valuation, and portfolio diversification.

With this foundation, we manage equity,...

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