A Lesson in 'Value vs Price'
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 17 December 2020
⏱️ 77 minutes
🧾️ Download transcript
Summary
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/
Transcript
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| 0:00.0 | Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour. |
| 0:11.5 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour. |
| 0:20.0 | Sign up for the free show archive at InvestorHour.com. |
| 0:23.6 | Here's your host, Dan Ferris. |
| 0:25.6 | Hello and welcome to the Stansberry Investor Hour. |
| 0:28.6 | I'm your host, Dan Ferris. |
| 0:30.6 | I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:34.6 | Before we get into today's episode, don't forget, |
| 0:36.6 | Trish Regan is now part of the |
| 0:38.7 | Stansberry family. Check out her podcast, American Consequences with Trish Regan. The link will be |
| 0:44.8 | in the description of this episode. Today we will talk with Chris Davis of the Davis |
| 0:51.5 | Family of Funds. Chris is a third generation Wall Street legend. |
| 0:57.0 | I cannot wait for you to hear what he has to say. Take notes. I promise you'll be glad you did. |
| 1:02.0 | This week in the mailbag, Bitcoin, the Federal Reserve, inflation, the US dollar, gold, |
| 1:07.0 | fractional reserve banking, there's all kinds of stuff in there. |
| 1:10.0 | In my opening rant this |
| 1:10.9 | week i'll just say a few things about inflation and then we're going to get on to the interview with |
| 1:16.8 | chris davis i want to spend plenty of time with him so i'm going to keep my rant short that and more |
| 1:22.3 | right now on the standsberryberry Investor Hour. |
| 1:34.3 | Very short rant this week. I want to make plenty of time to talk with Chris Davis, but I couldn't help mentioning a single word, inflation. I think it's probably nowhere on most people's radar screens. They've got the Federal Reserve |
| 1:45.4 | telling them, oh, you know, we're targeting even higher inflation because we can't even get |
| 1:48.9 | to the level that we want to get to, right? And everybody thinks inflation is dead forever and they're |
... |
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