Rugby Associates, LLC

 


   Rugby Associates, LLC, is an investment advisor. 

   Rugby invests in U.S. stocks with the objective of
    a  superior average annual return.  The
    investments are value-oriented and focus on
    companies with a history of profitable results and
    high returns on invested capital.

   This is a description of Rugby Associates,
   LLC and is in no way a solicitation to
   invest. Additional information about
   Rugby's investment philosophy and
   investment opportunities for accredited
   investors are available by contacting:

      Rugby Associates, LLC
     P.O. Box 7885
Charlottesville, VA  22906
Phone (434) 220-0067
email: info@rugbyAssociates.com

 
      "To enjoy a reasonable chance for
      continued better than average results,
      the investor must follow policies which
      are (1) inherently sound and promising,
      and (2) are not poplar in Wall Street."

      --Ben Graham, The Intelligent
         Investor

     "Finally it is the long-term investor, he
     who most promotes the public interest,
     who will in practice come in for the most
     criticism, wherever investment funds
     are managed by committees or boards
     or banks.  For it is the essence of his
     behavior that he should be eccentric,
     unconventional and rash in the eyes of
     average opinion.  If he is successful,
     that will only confirm the general belief
     in his rashness; and if in the short run he
     is unsuccessful, which is very likely, he
     will not receive much mercy.   Worldly
     wisdom teaches that it is better for
     reputation to fail conventionally than
     to succeed unconventionally."

   --John Maynard Keynes, The General
      Theory of Employment, Interest,
      and Money

Rugby Associates, LLC
P.O. Box 7885, Charlottesville, VA 22906 -- (434) 220-0067

Copyright © 2012 by Rugby Associates LLC --  Revised December 31, 2012