Keep pulling the thread on Chris Davis.
Chris Davis's grandfather's securities lending business had significant exposure to Long Term Capital Management, with between $500 million and $800 million lent out to the firm.
Davis Advisors has compounded shareholder wealth at greater than 10% annually since its inception in 1969.
The Davis Financial Fund has outperformed the S&P 500 since its inception in approximately 1990.
In the last year, the Davis Financial Fund outperformed the S&P Financials Index and the XLF ETF by 1,200 basis points.
In October, a Davis Advisors internal research report highlighted the significant duration risk being taken by Silicon Valley Bank and First Republic.
Chris Davis believes the era of falling interest rates, falling inflation, and globalization has permanently ended.
Chris Davis believes AI is not a winner-take-all market, and that the users of the technology may ultimately profit more than the builders.
Chris Davis believes AI will significantly impact the 'laptop class' of workers in a way similar to how globalization affected blue-collar workers, hollowing out the middle tier of jobs.
Chris Davis believes conventional investment strategies that have worked in the last decade, such as dividend aristocrats, momentum, private equity, and indexing, could be challenged in the current fast-changing world.
Davis Advisors has managed approximately $20 billion in client assets.
Chris Davis serves on the board of directors for both Coca-Cola and Berkshire Hathaway.
Chris Davis's grandfather started an investment with $100,000 borrowed from his wife's family, which grew to $800 million by the time he died and $2.2 billion when his wife died.