This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Cook & Bynum Fund Receives 5-Star Rating From Morningstar

The Cook & Bynum Fund (Ticker: COBYX, has received a 5-Star Morningstar Rating™ based on its risk-adjusted performance among 1,524 Large Blend funds for the 3-year period ended June 30, 2012. The mutual fund invests in a select few undervalued businesses around the world and is managed by Cook & Bynum Capital Management, which was founded in 2001 by Richard Cook and Dowe Bynum.

“Our whole team is thrilled that the fund’s first Morningstar rating is five stars,” said Mr. Cook. “Since the inception of the firm, we have sought to invest in businesses that are within our circle of competence, have durable competitive advantages, are run by capable and trustworthy managers, and trade at substantial discounts to their intrinsic value.”

“We do not artificially limit our investment universe based on market capitalization, industry, or geographic constraints,” added Mr. Bynum. “Instead, we prefer to concentrate capital in our best ideas and rely on proprietary, on-the-ground research and the disciplined application of our investment process to guide our buy and sell decisions. We place substantially all of our liquid net worth alongside our investors to align, as closely as possible, our incentives with their goals.”

About Cook & Bynum Capital Management, LLC

Founded in 2001, Cook & Bynum Capital Management, LLC (“CBCM”) is an SEC-registered investment adviser based in Birmingham, Alabama that has $220 million in assets under management (as of June 30, 2012). In addition to The Cook & Bynum Fund, CBCM manages money for clients via private partnerships.

About The Cook & Bynum Fund

The Cook & Bynum Fund, an open-end mutual fund, seeks long-term growth of capital by making concentrated equity investments in undervalued companies across the globe. As determined by fundamental, bottom-up research, all investments must satisfy four core criteria: circle of competence, business, people, and price. The Fund avoids leverage to minimize the risk of permanent capital loss and maximize long-term returns. Additional information on the Fund, including how to invest, can be found at

About the Portfolio Managers of The Cook & Bynum Fund

Richard P. Cook

Richard co-founded Cook & Bynum Capital Management in 2001. Before forming the firm, he worked for Tudor Investment Corporation in Greenwich, Connecticut. Richard attended Hampden-Sydney College where he graduated summa cum laude in three years with a B.S. in Mathematics, Applied Mathematics, and Economics and was a member of Phi Beta Kappa. Richard now serves on the Board of Trustees of Hampden-Sydney.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs