Keep pulling the thread on Chris Davis.
Shelby Cullum Davis and Company had between $500 million and $800 million lent to Long Term Capital Management (LTCM) through its securities lending business.
Davis Advisors has compounded shareholder wealth at greater than 10% annually since its inception in 1969.
In the last year, the Davis financial fund outperformed the S&P Financials Index and the XLF ETF by 1,200 basis points.
An internal research report at Davis Advisors in October of the prior year identified significant duration risk at Silicon Valley Bank and First Republic.
Chris Davis believes the multi-decade era of falling interest rates, falling inflation, and globalization has permanently ended.
Chris Davis predicts that investment strategies that worked in the last decade, such as momentum, private equity, and indexing, could be challenged in the current environment.
Chris Davis, his partners, employees, and the family foundation have collectively invested over $2 billion in Davis Advisors' funds.
Chris Davis believes the private equity industry has "absolutely lost the thread" and is now primarily focused on extracting fees from pension plans rather than creating value.
Davis Funds manages over $20 billion in assets.
Davis Funds has generally outperformed the S&P 500 since its inception in 1969.
Chris Davis serves on the board of directors for both Coca-Cola and Berkshire Hathaway.
Chris Davis's grandfather grew an initial $100,000 investment into $800 million by the time of his death.