THIRD GENERATION INVESTOR CHRIS DAVIS SHARE 50+ YEARS OF PERSPECTIVE ON MANAGING THROUGH A CRISIS

March 27, 2020

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 Episode #1639; Originally Broadcast on March 26, 2020

Listen to the audio only version here:

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CHRISTOPHER DAVIS

KNOW YOUR RISK TOLERANCE AS AN INVESTOR

  • Understand Your Own Risk Tolerance
  • Put to the Test During Market Turmoil
  • Are You an Investor or a Speculator?

CASH CUSHION

BUY BERKSHIRE HATHAWAY INC B (BRK B)

  • Price: $180.47 on 3/25/20
  • 52-week range: $159.50 – $231.61

DAVIS THEMES: CASH MACHINES

Davis’ Leading Banks

DAVIS THEMES: COMPOUNDING MACHINES

Davis’ Leading Global Industrials

DAVIS THEMES: BLUE CHIPS OF TOMORROW

Davis’ Leading Tech Companies

Chris Davis from the WEALTHTRACK Archives:

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BUILDING PERSPECTIVE

Portfolio manager Chris Davis gives us two book recommendations to build perspective and wisdom, two prerequisites to successful long-term investing.


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