Podcast appearances and mentions of davis advisors

John Mathews had an insightful conversation with Chris Davis, Chairman and Portfolio Manager of Davis Advisors. During their discussion, Chris Davis shared his perspectives on market volatility, geopolitical events, emotion-based investment decisions, and intergenerational wealth transfer.

In this episode, we are privileged to be joined by Chris Davis, Chairman and Portfolio Manager of Davis Advisors. Chris has built an outstanding long-term record as a value investor and also serves on the board of both Berkshire Hathaway and the Coca-Cola Company. We discuss his process for analyzing companies and his owner earnings-based approach that led him to companies like Amazon when many value investors avoided them. We also discuss his biggest lessons from his father and grandfather, both of whom were very successful investors as well, how Charlie Munger changed his life and his thoughts on concentration and position sizing. SEE LATEST EPISODES ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.validea.com/excess-returns-podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT VALIDEA ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.validea.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FIND OUT MORE ABOUT VALIDEA CAPITAL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.valideacapital.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JACK Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/practicalquant⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jack-forehand-8015094⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FOLLOW JUSTIN Twitter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/jjcarbonneau⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/jcarbonneau⁠⁠⁠⁠⁠

Welcome to episode 206 of The Autumn Windbags! The Raiders locker room is an entirely different place after owner Mark Davis fired head coach Josh McDaniels and general manager Dave Ziegler. Davante Adams, Josh Jacobs, Hunter Renfrow, Maxx Crosby and others feel a weight lifted off their shoulders. The Las Vegas Raiders new coach Antonio Pierce brings a new energy to the locker room the moment the Raiders press conference was over. How can Aidan O'Connell and Antonio Pierce turn this offense around? Former Las Vegas Raiders executive Amy Trask told CBS Sports that all the Mark Davis advisors that told him to hire Josh McDaniels and Dave Ziegler are gone. Jim Gray is still an advisor. Along with Ron Wolf, Ken Herock and Mike Ornstein. Sounds like they will be involved with Mark Davis' decision on the Raiders new coach. Former Raiders quarterback and current New Orleans Saints QB Derek Carr commented on mark Davis firing Josh McDaniels and Dave Ziegler. He wished them the best. Raiders insider Mike Lombardi was asked by @ThePatMcAfeeShow on what went wrong with Josh McDaniels and the Raiders. Lombardi pointed to the troubles that come with acquiring a top receiver like Davante Adams and not being able to use him. In Raiders news, we picked up linebacker Jaylon Smith off the New Orleans Saints practice squad. With Divine Deablo, Luke Masterson and Robert Spillane fighting injuries you need more linebackers especially with NYG vs Raiders coming up. Robert Griffin III tweeted that former Raiders Marshawn Lynch should get an interview for the vacant head coaching position. Marshawn Lynch on Raiders was nothing special. Let alone him coming on as a coach. In What Up, Windbags, Hunter Renfrow was able to survive Josh McDaniels and Dave Ziegler, reinvigorated fans and shady LA Coliseum stories. 0:00 Intro 1:54 Josh McDaniels Fired 26:53 Mark Davis Advisors 35:56 Derek Carr on Josh McDaniels 45:06 Mike Lombardi on Josh McDaniels 52:31 Raiders News 57:58 What Up, Windbags? Join this channel to get access to perks: https://www.youtube.com/channel/UCAT0MnawkRvZYSo9UfMx6-w/join #TheAutumnWindbags #Raiders #LasVegasRaiders #NFL Swag: https://the-autumn-windbags.myspreadshop.com/ Buy us a Beer?: https://cash.app/$AutumnWindbags Follow the guys on Twitter/Instagram: https://twitter.com/RJcliffordMMA https://twitter.com/MrJuanderfull42 Facebook: https://www.facebook.com/The-Autumn-Windbags-103656098294802 Instagram: https://www.instagram.com/theautumnwindbags/ Email: TheAutumnWindbags@gmail.com Subscribe to the Podcast on iTunes: https://podcasts.apple.com/us/podcast/the-autumn-windbags-podcast/id1544222518 And Spotify: https://open.spotify.com/show/2D89TOexTTGFNQwmDr7QBC  

In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway's board of directors. Here, Chris shares powerful lessons he's learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro10:09 - What Chris Davis has learned from Buffett & Munger about aging well.18:27 - Why trust is a superpower in business & life.30:04 - Why many successful investors fail to build good relationships.38:31 - How Buffett & Munger consciously avoid their weaknesses.40:38 - What Buffett learned from Dale Carnegie.1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.”1:18:24 - What it's like to hear Buffett talk at Berkshire's board meetings.1:21:37 - How Buffett thinks about risk & resilience.1:26:44 - How Munger inspired Chris to be radically open about his mistakes.1:38:59 - How to run an organization that breeds excellence. 1:52:10 - What Chris learned from Cardinal John Newman.2:00:25 - What Buffett teaches about friendship, generosity, & kindness.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESChris Davis's investment firm, Davis Advisors.Dale Carnegie's book, How to Win Friends & Influence People.Dale Carnegie's book, How to Stop Worrying & Start Living.Titan, Ron Chernow's biography of John D. Rockefeller.Autobiography of Benjamin Franklin.Listen to William Green's podcast interview with Ray Dalio or watch the video.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.Follow William Green on X (AKA Twitter).NEW TO THE SHOW?Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. 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As we witness the markets move through another liquidity cycle and note the usual uptick in apparent financial frauds, it is important to revisit the primary role of a well-functioning asset manager or financial advisor, which is that of a financial steward. Financial stewards can often be identified by their well-reasoned, and often sophisticated views on the markets, opportunities, and risk, that come disguised as common sense. Financial stewards reinforce our trust that most of today's professionals behave with a deep grounding in principals, both moral and financial. Today's guest is a great example. Chris Davis, of Davis Advisors shares this perspective as well as timely views on the myriad of risks and opportunities that define the global markets today.Investing the Templeton Way with Lauren Templeton is a podcast that explores the world's most intriguing investment topics from the overseas markets to mastering our own minds. Gather investment wisdom and educate yourself as you listen to interviews with exclusive managers, executives, and entrepreneurs on a wide range of engaging topics.Review the full show notes and resources at investingthetempletonway.com/13Connect With ChrisWebsite: https://www.davisadvisors.com/The information presented in this podcast or available on the website is not intended as and shall not be construed as financial advice. This podcast is produced for entertainment value. Investing is inherently risky. And I encourage you to seek financial advice from a professional who is aware of the facts and circumstances of your individual situation.

Eric Boughton, portfolio manager/chief analyst at Matisse Capital -- which runs mutual funds that invest in closed-end funds -- says that investors can find attractive discounts in a few sectors right now, notably in municipal bonds, high-yield and bank-loan funds are worth investigating in fixed income, with foreign stocks and MLP funds (investing in master limited partnerships) leading the opportunity set in equities. Boughton notes that investors can do significant "discount capture" -- making profitable trades as discounts to net asset value narrow and change, using that volatility as an additional way to generate profits. Also on the show, Bankrate.com analyst Sarah Foster discusses the pressure consumers are feeling -- and especially younger shoppers -- to spend up this holiday season, plus we revisit a late October interview with Chris Davis, portfolio manager and chairman of Davis Advisors, a conversation Chuck has described as "one of the very best interviews we will do on the show this year."

Christopher Davis, chairman and portfolio manager at Davis Advisors and the Davis Funds, says that "the bubble has been pricked" on the "crazy, hyper-speculative" growth companies, but that has put some names into the stock market's sweet spot, especially for investors with long time horizons and a value-investing bent. A year ago on the show , Davis said that a hybrid value style that encompassed "undervalued growth companies and value stocks that can grow" would be well positioned for whatever the market could dish out, and he now says the strategy has proven its worth; while the markets have bloodied all investors, Davis believes it has positioned investors to be long-term winners by staying the course. Also on the show, Greg McBride, chief financial analyst at BankRate.com discusses the site's latest survey showing that inflation concerns are making investors even more nervous that their retirement savings are falling behind, and Chuck talks about his annual Halloween "cash or candy" giveaway and how he will be working it on the trick-or-treaters this year, expecting the kids to be feeling the pinch of inflation this year too.

The chairman and portfolio manager of Davis Advisors stresses the importance of long-term investing and buying "durable, growing businesses at value prices."

VettaFi’s Todd Rosenbluth recaps the recent Inside ETFs conference and explains why bond mutual funds are experiencing outflows. Nate visits with FLX Network’s Jillian DelSignore, industry veteran Phil Bak, Freedom Day Solutions’ Ryan Krueger, Davis Advisors’ Dodd Kittsley, Alpha Architect’s Jack Vogel, Magnifi’s Matt Barley, Charles Schwab’s D.J. Tierney, and MacMillan’s Chris Sullivan.

Tom Lydon, chief executive at ETFTrends.com, says that with inflation entrenched in the economy right now and not looking like it will go away for several years, investors need to take steps to deal with the impact that global-supply chain issues and more are having on their investment holdings. To that end, he made the VanEck Inflation Allocation fund his "ETF of the Week," noting that the real-asset strategy will diversify a portfolio by going beyond just using gold as an inflation hedge, mixing in commodities and other real assets that won't be so in-synch with the market. Also talking about exchange-traded funds, Dodd Kittsley, national director for Davis Advisors, discusses the evolution of active ETFs and whether investors should expect active strategies to outperform the passive in today's hyper-sensitive market. Danetha Doe, economist for Clever Real Estate, talks about a survey of college students showing that they are wildly inaccurate in the earnings they project for themselves once they graduate and join the real world, and Chuck answers questions from the audience spurred by the market's downturn in 2022.

Dan Zanger, chief technical strategist at ChartPattern.com, says that the stock market is the best and strongest he has seen since 1999 and he expects it to keep running through to the end of the year, but then he believes there will be a sell-off, a correction that takes the top off the market and helps it set a new base for further upside in 2022. Zanger says the market has plenty of energy and room to run so long as the Federal Reserve doesn't change policies and stop its momentum. Also on the show, Chuck discusses a wide range of stocks that he thinks are appropriate as gifts for children this holiday season or any time you are looking to teach youngsters about money, and we revisit a recent conversation with Chris Davis of Davis Advisors, who says that investors with a value mindset need to look for 'undervalued growth companies and value companies that can grow.'

Chris Davis, chairman of Davis Advisors, says that value investors can't rely on the classic approaches but must instead seek out a mix of 'undervalued growth companies and value companies that can grow,' a more hybrid investment style that has been working even in times when traditional value investing has struggled. Further, he notes that investors should forego most bond holdings in favor of high-grade financial stocks, noting that he expects a decade of substantially rising dividends in the sector. Also on the show, Ed Carson, news editor for Investor's Business Daily, discusses how rising inflation has sapped economic optimism, and Chuck gives the results from his annual Halloween 'cash or candy' giveaway.

Mark Switow of UBS Private Wealth Advisors and Chris Davis of Davis Advisors join Michael Venuto and Dan Weiskopf of Toroso Investments to talk long-term investment decision making with Davis Advisors & Davis ETFs.We thank Davis Advisors for sponsoring this episode. Visit etfthinktank.com, your source for ETF ideas, thought leadership, strategies, tools and growth tactics. This episode is sponsored by Davis AdvisorsSponsored By: Davis Advisors

In this episode, David Armstrong is joined by Chris Davis, CEO of Davis Advisors. Chris shares how Davis Advisors, long-time asset managers, were early pioneers in rolling out active ETFs, putting their trading strategies in the transparent wrapper without fear, and why a high-conviction active stock manager in a low-cost fund is a better option … Continue reading 1. See Straight Through ETFs with Chris Davis →

Halloween is coming, so it's time to confront a common source of fear: bank stocks. Ever since the global financial crisis, many investors have been terrified of risks associated with lenders, according to Chris Davis, chairman and portfolio manager at Davis Advisors. He joined the latest episode of the “What Goes Up” to discuss why it's time get over that phobia, explaining that banks may continue to help lead the market higher.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

A year and a half into the pandemic, a lot has changed in the investment landscape.   Individual investors have been empowered, economies reacted in unpredictable ways, and we still have no clear idea of what is to come. At the same time, when we take a retrospective look, we can find parallels between the trends, behaviors, and reactions of today and events in the past. Today we're joined by one of the great conversationalists in the community, Chris Davis, to share his perspective on investing in a time of COVID and his outlook for the future.   Chris Davis is the Chairman of Davis Advisors, where he oversees approximately $30 billion of client assets for both individuals and institutions worldwide. Chris joined Davis Advisors in 1989 as a financial analyst and has been a portfolio manager of the firm's flagship fund, the Davis New York Venture Fund since 1995. That fund has a very long history, having been founded more than a half-century ago. An investment of $10,000 at the fund's inception would be worth $3.6 million as of June 30, 2021, versus 1.9 million for the S&P 500. Chris studied Moral Philosophy and Practical Theology at the University of St. Andrews in Scotland and is on the board of directors at the Coca Cola Company and Graham Holdings.   In this episode, Chris, Tano, and I discuss how the pandemic compares to past crises, Davis Advisors' approach to triage as we entered the pandemic, why the banking industry offers more certainty to investors than other financials, the impact of low interest rates, the advantages US companies hold have over European companies, and so much more!   Key Topics:   The two types of crises Chris has seen over his career (1:53) COVID in the context of past crises (3:48) Davis Advisors' approach to analyzing the long-term impact of COVID (7:48) How Davis assessed key companies and industries as we entered the pandemic (9:38) Structural changes in the banking industry in the past decade (13:39) Why investments in banking come with a higher degree of certainty (15:18) The inherent uncertainty associated with insurers (17:21) Long-term dangers of the aggressive consumer bailout (19:36) How Chris saw history repeating itself in the past year (21:30) The biggest change in market structure (23:13) What active managers need to understand about dispersion (26:05) Factors that feed dispersion between Europe and the US (30:10) How Chris views his European investments (33:31) Two components of valuing a business (37:04) Amazon as a modern-day Standard Oil (39:14) Why successor CEOs should focus on preservation and protection (43:04) The impact of low interest rates (46:24) How banks have performed in the face of a significant headwind (49:03) The high adaptability shown by banks (50:36) Key differences between US and international banks (53:11) The numerous disruptors that the banking system has absorbed (56:16) How inertia and regulation protect banks from disruption (58:41) Chris' thoughts on the growth of the payments industry (1:00:27) Viewing Bitcoin as a digital version of gold (1:04:29) Why Chris' opinion on Bitcoin has shifted (1:07:35) Chris' big takeaway from 2020/2021 (1:10:08) The impact of China becoming the largest consumer economy (1:11:15) Why state and federal government finances keep Chris up at night (1:13:16) Chris' top book recommendations (1:15:10) And much more!   Mentioned in this Episode:   Davis Advisors Davis New York Venture Fund Walter Isaacson's Book | The Code Breaker: Jennifer Doudna, Gene Editing, and the Future of the Human Race Morgan Housel's Book | The Psychology of Money John Tierney & Roy F. Baumeister's Book | The Power of Bad: How the Negativity Effect Rules Us and How We Can Rule It Benjamin Labatut's Book | When We Cease to Understand the World   Thanks for Listening!   Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu.   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!

On the opening rant this week, Dan gives the listeners something special that he typically only reserves for his newsletters subscribers.  Dan reveals the full details on a trade that he's liked off and on for many years now... Not only that, but he walks you through the trade step by step... And he explains why there's never been a better time in history to put this trade into action... Then, on this week's interview, Dan invites Danton Goei of Davis Advisors onto the show. Danton joined Davis Advisors in 1998, and now works as portfolio manager for the Davis Large Cap, Global, and International portfolios.  During his conversation with Dan, Danton takes the listeners behind the curtain, explaining many of the ins and outs of portfolio management that he's learned over decades experience managing multiple funds... Plus, during their conversation Danton shares the names of two stocks that he absolutely loves right now.  One is a fairly popular name that has been shunned in the media as of late... but the other pick is one you've likely never heard before with massive upside...  If you're looking to personally mange your own investment portfolio, Dan and Danton cover a ton of valuable material you won't hear anywhere else.    Listen to Dan's conversation with Danton, and much more, on this week's episode.

On the opening rant this week, Dan gives the listeners something special that he typically only reserves for his newsletters subscribers.  Dan reveals the full details on a trade that he's liked off and on for many years now... Not only that, but he walks you through the trade step by step... And he explains why there's never been a better time in history to put this trade into action... Then, on this week's interview, Dan invites Danton Goei of Davis Advisors onto the show. Danton joined Davis Advisors in 1998, and now works as portfolio manager for the Davis Large Cap, Global, and International portfolios.  During his conversation with Dan, Danton takes the listeners behind the curtain, explaining many of the ins and outs of portfolio management that he's learned over decades experience managing multiple funds... Plus, during their conversation Danton shares the names of two stocks that he absolutely loves right now.  One is a fairly popular name that has been shunned in the media as of late... but the other pick is one you've likely never heard before with massive upside...  If you're looking to personally mange your own investment portfolio, Dan and Danton cover a ton of valuable material you won't hear anywhere else.    Listen to Dan's conversation with Danton, and much more, on this week's episode.

After years as an index fund evangelist at top ETF firms like BlackRock and SSgA, Dodd Kittsley did a 180 of sorts, becoming Director of active manager Davis Advisors. Still opposed to the “closet indexing” that marks many active managers, Dodd was drawn to Davis’ unique approach to active management: High-conviction, low turnover, low cost, tax-efficient and fully transparent. He joins the first Let's Talk ETFs of 2021 to go under the hood of Davis’ four ETFs, which now have more than $1B in AUM between them: DWLD, DUSA, DINT and DFNL, and discuss why his firm is currently overweight the Financials sector. Show Notes ·  3:00 - How did Dodd end up in the ETF space and why did he choose join a small firm after so many years at behemoths like BlackRock and State Street? ·  9:00 - What is Davis's approach and what makes it unique? What's the research process like? ·  14:15 – Other active managers cite things like front-running and protection of intellectual property as major concerns. Why is this not the case for Davis? ·  22:15 - Do you have plans to go the semi-transparent active management route in the future? ·  25:15 – Going under the hood of Davis’ four ETFs: The $330M Davis Select Worldwide ETF (DWLD) The $310M Davis Select U.S. Equity ETF (DUSA) The $270M Davis Select International ETF (DINT) The $150M Davis Select Financial ETF (DFNL) · 28:00 - Is Davis’ approach entirely a “bottom up” one? · 30:15 - How much turnover is there? How do the funds look from a tax perspective? · 38:45 – DFNL and the case for Financials: Given the current historically low rate environment and flat yield curve, why is Davis currently overweight Financials? Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's show, we're bringing in a very special guest... His investing roots run so deep, his family was the subject of the book, The Davis Dynasty: Fifty Years of Successful Investing on Wall Street. This week, Dan invites Chris Davis onto the show. Chris is the chairman of Davis Advisors, an independent investment management firm founded in 1969 with over $23 billion in assets under management. Since its inception in 1969, the Davis New York Venture Fund has outperformed the S&P 500 in 98% of 20-year holding periods. In fact, 4 out of 5 Davis equity funds have been the market since their inception. Chris joined Davis Advisors in 1989 and now has over 3 decades of experience in investment management and securities research. He's even previously been recognized as Morningstar Domestic-Stock Fund Manager of the Year in 2005. During their conversation, Chris shares his philosophy on how discipline in your investments is key to building wealth over time. And why his strategy has produced outstanding results in just about any environment – including periods of inflation, recession, rising and falling energy prices, rising and falling interest rates, and bull and bear markets. Chris gives a ton of incredible insight from his decades of experience managing money using real world examples you likely haven't heard anywhere else. Listen to his discussion with Dan and more on this week's episode. For more from Stansberry Research, check out the American Consequences podcast here: https://americanconsequences.com/podcast/

On today's show, we're bringing in a very special guest... His investing roots run so deep, his family was the subject of the book, The Davis Dynasty: Fifty Years of Successful Investing on Wall Street. This week, Dan invites Chris Davis onto the show. Chris is the chairman of Davis Advisors, an independent investment management firm founded in 1969 with over $23 billion in assets under management. Since its inception in 1969, the Davis New York Venture Fund has outperformed the S&P 500 in 98% of 20-year holding periods. In fact, 4 out of 5 Davis equity funds have been the market since their inception. Chris joined Davis Advisors in 1989 and now has over 3 decades of experience in investment management and securities research. He's even previously been recognized as Morningstar Domestic-Stock Fund Manager of the Year in 2005. During their conversation, Chris shares his philosophy on how discipline in your investments is key to building wealth over time. And why his strategy has produced outstanding results in just about any environment – including periods of inflation, recession, rising and falling energy prices, rising and falling interest rates, and bull and bear markets. Chris gives a ton of incredible insight from his decades of experience managing money using real world examples you likely haven't heard anywhere else. Listen to his discussion with Dan and more on this week's episode.

In episode 221 we welcome our guest, Chris Davis of Davis Advisors. In today’s episode, we’re talking stocks and investor behavior. We begin with Chris’s background and transition into some of his early lessons about investing and compound returns. We hit on investor behavior and trying to keep investors behaving in their own best interests. We discuss current markets, owning durable and resilient businesses, and the thinking behind the fundamental process at Davis. We even get into some thoughts about opportunities in markets today, from financials to energy. All this and more in episode 221 with Chris Davis.

Our guest this week is Chris Davis. Chris is a portfolio manager at Davis Advisors, where he runs a number of strategies, including the Davis New York Venture, Selected American, and Clipper Funds. Chris joined Davis in 1989 and has more than 28 years' experience in investment management and securities research. Among other accolades, Chris was the recipient of the Morningstar Domestic-Stock Fund Manager of the Year award in 2005. He received his M.A. from the University of St. Andrews in Scotland.BackgroundChris Davis bio Davis Funds website “Davis NY Venture Fund: Special PM Update” by Chris Davis and Danton Goei; March 2020Davis NY Venture Fund: Update from Portfolio Managers Chris Davis and Danton Goei; Annual Review 2020 Davis NY Venture Fund Davis NY Venture Fund portfolio data Working From Home“Management by Wandering Around”; WikipediaBehavioral BiasesBuffett Partnership Letters—Letter to Partners dated Jan. 18, 1965 (pg. 69)Richard Feynman bio; Wikipedia  Stocks ReferencedAIGUnited TechnologiesOtis ElevatorsRaytheonCarrierBank of AmericaUS BancorpWells FargoCapital OneBank of New York MellonVisaJPMorganAmerican ExpressBerkshire HathawayApacheEOGDevonUltra PetroleumAlphabetFacebook

Life can change in a New York minute, and it has. The world is going through a terrible experience right now. As President Trump has said we are at war with an invisible enemy. I would add it’s an enemy that can strike anyone, anywhere which makes it so unsettling. The coronavirus is upending lives and societies. The steps we are taking to combat it are harsh, isolating, and damaging psychologically, emotionally, and financially. Everyone is affected. Many Americans are losing their paychecks and jobs for an indeterminate amount of time. Some are in danger of losing their businesses. The cynic’s definition of a recession is when your neighbor loses her job. A depression is when you lose your job. Until we get a handle on the length and scope of COVID-19 we won’t be able to define its impact. This week’s guest comes from a family of investors who take the long view. He is third generation value investor Christopher Davis, Chairman and Portfolio Manager of Davis Advisors an independent investment management firm. Davis will provide some welcome perspective on how the firm has managed through crisis conditions for more than half a century. WEALTHTRACK #1639 broadcast on March 27, 2020 More info: https://wealthtrack.com/third-generation-investor-chris-davis-share-50-years-of-perspective-on-managing-through-a-crisis/ --- Support this podcast: https://anchor.fm/wealthtrack/support

Bloomberg Opinion columnist Barry Ritholtz interviews Christopher Davis, chairman of Davis Advisors, which has more than $25 billion under management. In addition to leading Davis Advisors, he is on the board of directors at Coca-Cola and is vice chairman of the American Museum of Natural History. 

simplyTravis & Rowdy5000 break down the news and aftermath surrounding the recent controversy involving Blizzard banning and removing the winnings of Hearthstone champion Blitzchung that has set the internet ablaze in the name of Free Speech! The guys then follow the history of Blizzard to determine how the company lost its soul to foreign entities only to find that there is another investor involved in Chinese government other than Tencent...

Christopher Davis, chairman of Davis Advisors and portfolio manager for the Davis Funds, said in the Big Interview that financial companies now represent 'growth stocks in disguise,' and he said the financial sector is positioned to deliver oversized gains for at least the next decade. Also on the show, Peter Lang and Cory Bittner of highTower Advisors discuss the many non-financial ways they interact with clients to achieve life goals as well as financial targets, Elyse Cherry of BlueHub Capital discusses impact investing and how investors can find ways to invest that make a real difference in communities they love, and Greg McBride from BankRate.com talks about how everyday Americans and financial experts don't see eye-to-eye on the state of the economy and stock market.

Today’s conversation is with the Chairman of Davis Advisors, Christopher Davis. Christopher oversees approximately $30 billion of client assets worldwide. Christopher currently serves as CEO and Portfolio Manager and Davis Advisors continues to be recognized as     a leading independent investment management firm and one which wholeheartedly embodies the basic principles of value investing. Christopher received an early education from his father and grandfather who shared their passion and enthusiasm for investing and business with the family but when it came time to start university, he decided to go in a completely different direction. From veterinary school to seminary, Christopher took the long way around before settling into a career in investing. From his first job at the State Street Bank, Christopher quickly found his own passion and has thrived in the field for the past 30 years. On this episode, Christopher and I talk about the impact his family had on him on a young age, the importance of finding the right investing style for you, why he placed so much importance on developing a strong accounting foundation, why Wall Street needs to embrace globalization, his approach to assessing competitive advantage, and so much more!   Key Topics: How Christopher was impacted from an early age by his father and grandfather’s natural curiosity and passion for business (2:13) Why Christopher believes a lot of people get turned off of the investment business (3:53) Why curiosity is key in building knowledge and experience (4:46) The importance of finding the investment style that resonates with you (5:26) The winding path Christopher took before starting his career in investing (6:58) Why Christopher decided that working at a bank was the best first step into the investing profession (8:58) What Christopher learned as an early employee of Tanaka Capital Management during the S&L crisis (10:24) Christopher’s decision to switch his focus to insurance and financial services (11:00) The particular advantage in the insurance industry for investors who can gain insight from the accounting choices companies make (12:57) The management culture Christopher looks for in insurance companies (14:07) The often-overlooked value of business model stability in the financial services industry (15:10) Christopher’s transition to Davis Advisors and the joining of the family firms (18:42) From breaking the third-generation stigma to leading the firm (20:05) How investing with the idea of owner earnings became a core philosophy at Davis Advisors (23:08) The drawbacks of rules-based accounting systems versus principles-based accounting systems (27:34) Why Christopher believes we're in a period of extreme disconnect between what financial statements show and the underlying reality of many businesses (28:27) The importance of correctly assessing a business’s competitive advantages (30:55) Christopher’s approach to assessing the durability of a competitive advantage (31:50) How technology has created advantages of scale in the financial services industry (38:33) Two big trends Christopher expects to play out within the next 20 years (39:54) Why the distinctions of domestic, international and emerging markets are becoming less relevant today (41:22) Finding investment opportunities where there’s a disconnect between perception and reality (42:19) The importance of recognizing opportunities for investors in foreign markets (43:35) Christopher’s approach to business valuation (51:27) How Christopher’s firm views and evaluates a business’s management (53:15) What you can learn from studying a business’s alumni (55:13) Why Christopher is such a strong advocate for active management (59:38) And much more! Mentioned in this Episode: Christopher Davis’ Firm | Davis Advisors Davis New York Venture Fund Davis Financial Fund Davis Global Fund Graham Tanaka, President of Tanaka Capital Management Kent Daniel and Tobias Moskowitz’s Article | Momentum Crashes Thanks for Listening!  Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at valueinvesting@gsb.columbia.edu.   Follow the Heilbrunn Center on social media on Instagram, LinkedIn, and more!

Happy St. Patrick's Day!  In the first hour, Chris welcomes Dodd Kittsley, Director for Davis Advisors.  They discuss the various Davis funds, ETF's, transparency, "smart beta" strategies & more! Chris asks the question "How do you characterize your firms methodology?" Mike Burton calls in to talk mortgage rates, international investors, & more. Try Slade's mortgage calculator at www.SladeMortgage.com. In the second hour, Andrew Gottlieb, Executive Director of APCC & Mashpee town selectman is in the studio.  He shares his history with environmental issues, energy conservation, wastewater and his 4th term as selectman. They discuss climate change, human activity as a contributing factor to these changes, & the increase in flooding on Cape Cod & more.  Great show!

Welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week it’s a Morningstar Conference Special brought to you from Amsterdam. The Morningstar Institutional Conference is host to some of the best investors, academics and thought leaders and we are excited to share with you a packed podcast this week with Senior editor Emma Wall interviewing all of the key speakers at the conference. Lets start with Christopher Davis, Chairman of Davis Advisors who discusses an important question, when is the right time to buy stocks? Why we should we care about Environmental, social and governance issues also known as (ESG) when investing? Mats Andersson from the Global Challenges Foundation, talks to us about the why ESG is important and reveals the essential components and the fund providers who are getting it right. While Brexit remains in negotiation stages, the impact on the FTSE has already been felt. How can investors navigate the UK market as the political backdrop changes? Our next guest, Derek Stuart, Manager of the Artemis UK Special situations Fund is here to explain. Are European Stocks Overvalued? Isabel Levy, founder of Metropole Gestion is our next guest to explain how she uses fundamental industrial analysis to avoid value traps and identify the fair value of European equities Up next, Morningstar Senior Equity Analyst Jim Senegal explains 5 factors influencing the share price of financial stocks and how investors can interpret them for profit. Our next guest, Hilde Jenssen from Skagen Funds admits that emerging markets have disappointed investors over the past three years - but valuations are attractive and reforms are boosting returns. the Time maybe just Right to Invest in Emerging Markets. Franklin Templeton's Michael Hasenstab warns investors that there is little value left in bonds and so to not to be too complacent about rising interest rates as he predicts the bond bubble is set to burst. Which Funds are Worth Paying For? High active share funds - that is those managers who take off benchmark bets - outperform those low active share. So ban closet trackers from your portfolio suggests Finance professor Martijn Cremers. Our final guest from this years Morningstar’s Institutional conference is Professor Gerd Gigerenzer who says fund providers need to invest in education so that savers are better equipped to deal with risk - and can make better financial decisions. Subscribe to our podcast on itunes: https://itunes.apple.com/gb/podcast/morningstar-uk/id965873075?mt=2 http://www.morningstar.co.uk