Investment Philosophy

AFC’s was a result of two events. The first occurred when Mr. Jacoby was young and the second was reading Warren Buffett’s book.

Mr. Jacoby had an unfortunate experience in his youth when his father built a strong business only to sell and then lose his money through bad judgement and poor planning. He never wants to see a family endure what his family did and makes it a cornerstone for AFC’s investment philosophy.

AFC follows Warren Buffet’s two rules on investing:

• Rule No. 1: Never lose money
• Rule No. 2: Never forget Rule No. 1

We have a conservative investment philosophy. While we do want larger returns, we want to limit the potential losses.