 According to the book "Investment Leadership", Brandes' Global equity fund had an average return of 19.21% over the prior 20 years.Brandes Investments strictly follows Graham and Dodd principles as outlined in the books "Security Analysis" and "The Intelligent Investor".Also recently, the firm made investments in the troubled mortgage and financial sectors, paying bargain prices for investments in Countrywide Financial, Washington Mutual, Wachovia Corp. and Bank of America.