25 Apr 2022 Tweedy Browne Q1 2022 Market Commentary ( Portfolio )

"We believe that current market conditions should continue to support what has been an ongoing market rotation from growth to more value-oriented investments, as periods of rising inflation and interest rates tend to favor shorter-duration risk assets such as value stocks. In addition, for the most part, value stocks, particularly non-US value stocks, continue to trade at a discount to their more growth-oriented brethren. As we have said before, with money no longer free, price and valuation should matter again."