Chris Davis: Banking on Boring, Reliable Franchises
The manager of the Davis NY Venture fund offers his thoughts on how best to sift for bargains post-sell-off, his team’s fondness for financial stocks, and why Berkshire hasn’t made any acquisitions yet.
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Show Notes
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.
Background
“Davis NY Venture Fund: Special PM Update” by Chris Davis and Danton Goei; March 2020
Davis NY Venture Fund portfolio data
Working From Home
“Management by Wandering Around”; Wikipedia
Behavioral Biases
Buffett Partnership Letters—Letter to Partners dated Jan. 18, 1965 (pg. 69)
Richard Feynman bio; Wikipedia
Stocks Referenced
Otis Elevators
Raytheon
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