--- title: Hodges Funds Commentary | Eric Marshall, CFA (2) description: Hodges Mutual Funds Manager Commentary (2) --- [![Hodges-Funds-Color](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Funds-Color.png?width=215&height=98&name=Hodges-Funds-Color.png "Hodges-Funds-Color")](https://www.hodgescapital.com/) - [Private Client](https://www.hodgescapital.com/private-client) - [Mutual Funds](https://www.hodgescapital.com/mutual-funds) - [Small Cap Growth Fund (HDPSX)](https://www.hodgescapital.com/mutual-funds/small-cap-growth-fund) - [Hodges Fund (HDPMX)](https://www.hodgescapital.com/mutual-funds/hodges-fund) - [Small Intrinsic Value Fund (HDSVX)](https://www.hodgescapital.com/mutual-funds/small-intrinsic-value-fund) - [Blue Chip Equity Income Fund (HDPBX)](https://www.hodgescapital.com/mutual-funds/blue-chip-equity-income-fund) - [Institutional](https://www.hodgescapital.com/strategies) - [Best Ideas](https://www.hodgescapital.com/best-ideas-growth-strategy) - [Blue Chip Equity](https://www.hodgescapital.com/blue-chip-total-return) - 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Don Hodges* ![Eric Marshall, CFA](https://blog.hodgescapital.com/hubfs/Eric%20Marshall-2.jpg) # Eric Marshall, CFA Recent Posts by Eric Marshall, CFA: ## [Q4 2023 Quarterly Commentary Review](https://blog.hodgescapital.com/mutual-funds/commentary/q42023-quarterly-commentary-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Feb 14, 2024 [![Q4 2023 Quarterly Commentary Review](https://blog.hodgescapital.com/hubfs/custom-video-thumbnails/Screen%20Shot%202024-02-02%20at%201.08.41%20PM.png)](https://blog.hodgescapital.com/mutual-funds/commentary/q42023-quarterly-commentary-review) The above discussion is based on the opinions of Eric Marshall, CFA, and is subject to change. It is not intended to be a forecast of future events, a guarantee … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/q42023-quarterly-commentary-review) ## [Fourth Quarter 2023 Review](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2023-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Feb 01, 2024 [![Fourth Quarter 2023 Review](https://blog.hodgescapital.com/hubfs/Hodges%20Mutual%20Funds%20Clock-1.jpg)](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2023-review) No bull market is permanent. No bear market is permanent. There are no stocks that you can buy and forget. Remember, no investment is forever.” -Sir John Templeton. U.S. stocks … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2023-review) Topics:[Commentary](https://blog.hodgescapital.com/mutual-funds/commentary/topic/commentary) ## [Third Quarter 2023 Review](https://blog.hodgescapital.com/mutual-funds/commentary/third-quarter-2023-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Oct 12, 2023 [![Third Quarter 2023 Review](https://blog.hodgescapital.com/hubfs/Hodges%20Mutual%20Funds%20Clock-1.jpg)](https://blog.hodgescapital.com/mutual-funds/commentary/third-quarter-2023-review) The stock market is filled with individuals who know the price of everything, but the value of nothing” – Philip Fisher The third quarter of 2023 proved lackluster for most … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/third-quarter-2023-review) Topics:[Commentary](https://blog.hodgescapital.com/mutual-funds/commentary/topic/commentary) ## [Q2 2023 Quarterly Commentary Review](https://blog.hodgescapital.com/mutual-funds/commentary/q22023-quarterly-commentary-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Jul 28, 2023 [![Q2 2023 Quarterly Commentary Review](https://blog.hodgescapital.com/hubfs/Screen%20Shot%202023-07-26%20at%204.47.57%20PM.png)](https://blog.hodgescapital.com/mutual-funds/commentary/q22023-quarterly-commentary-review) The above discussion is based on the opinions of Eric Marshall, CFA, and is subject to change. It is not intended to be a forecast of future events, a guarantee … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/q22023-quarterly-commentary-review) ## [Second Quarter 2023 Review](https://blog.hodgescapital.com/mutual-funds/commentary/second-quarter-2023-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Jul 20, 2023 [![Second Quarter 2023 Review](https://blog.hodgescapital.com/hubfs/Hodges%20Mutual%20Funds%20Clock-1.jpg)](https://blog.hodgescapital.com/mutual-funds/commentary/second-quarter-2023-review) “When looking at buying a company, focus on what the business is worth, not the stock price.” – Warren Buffett Much like the first, the second quarter of 2023 proved … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/second-quarter-2023-review) Topics:[Commentary](https://blog.hodgescapital.com/mutual-funds/commentary/topic/commentary) ## [First Quarter 2023 Review](https://blog.hodgescapital.com/mutual-funds/commentary/first-quarter-2023-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Apr 20, 2023 [![First Quarter 2023 Review](https://blog.hodgescapital.com/hubfs/Hodges%20Mutual%20Funds%20Clock-1.jpg)](https://blog.hodgescapital.com/mutual-funds/commentary/first-quarter-2023-review) “The more difficult it is to take action in the market, the more likely it is to be successful.” – Dick Davis The first quarter of 2023 proved to be … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/first-quarter-2023-review) Topics:[Commentary](https://blog.hodgescapital.com/mutual-funds/commentary/topic/commentary) ## [Fourth Quarter 2022 Review](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2022-review) by [Eric Marshall, CFA](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa), on Jan 19, 2023 [![Fourth Quarter 2022 Review](https://blog.hodgescapital.com/hubfs/Hodges%20Mutual%20Funds%20Clock.jpeg)](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2022-review) “If you wait for someone to ring a bell or blow a whistle before you invest, it’s too late.” – Monte Gordon U.S. stocks staged a comeback in the fourth … [Read Story **](https://blog.hodgescapital.com/mutual-funds/commentary/fourth-quarter-2022-review) Topics:[Commentary](https://blog.hodgescapital.com/mutual-funds/commentary/topic/commentary) [** Prev](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa/page/1) [All Posts](https://blog.hodgescapital.com/mutual-funds/commentary/all) Next ** ### Hodges Funds Commentary The Hodges Funds Commentary Blog is designed to keep our clients and prospects educated and updated on the family of Hodges Funds. We aim to help investors separate the news from the noise by providing our perspective and insight.  - [Recent](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa/page/2#recent) - [Topics](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa/page/2#topics) - [Archive](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa/page/2#archive) - [Commentary (15)](https://blog.hodgescapital.com/mutual-funds/commentary/tag/commentary) - [July 2023 (2)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2023/07) - [February 2024 (2)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2024/02) - [January 2023 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2023/01) - [April 2023 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2023/04) - [October 2023 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2023/10) - [April 2024 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2024/04) - [July 2024 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2024/07) - [October 2024 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2024/10) - [January 2025 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2025/01) - [April 2025 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2025/04) - [July 2025 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2025/07) - [October 2025 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2025/10) - [January 2026 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2026/01) - [April 2026 (1)](https://blog.hodgescapital.com/mutual-funds/commentary/archive/2026/04) [More...](https://blog.hodgescapital.com/mutual-funds/commentary/author/eric-marshall-cfa/page/2#) ### Subscribe to Updates from Hodges Funds ### ![Hodges-Funds-White](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Funds-White.png?width=207&height=95&name=Hodges-Funds-White.png) 2905 Maple Avenue Dallas, TX 75201   US Bank Customer Service: [(866)-811-0224](tel:+18668110224) Hodges Mutual Fund Sales: [(888)-878-4426](tel:+18888784426)     #### Contact Hodges Funds --- **Mutual fund investing involves risk. 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