4.6 • 3.6K Ratings
🗓️ 29 October 2023
⏱️ 141 minutes
🧾️ Download transcript
In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
10:09 - What Chris Davis has learned from Buffett & Munger about aging well.
18:27 - Why trust is a superpower in business & life.
30:04 - Why many successful investors fail to build good relationships.
38:31 - How Buffett & Munger consciously avoid their weaknesses.
40:38 - What Buffett learned from Dale Carnegie.
1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.”
1:18:24 - What it’s like to hear Buffett talk at Berkshire’s board meetings.
1:21:37 - How Buffett thinks about risk & resilience.
1:26:44 - How Munger inspired Chris to be radically open about his mistakes.
1:38:59 - How to run an organization that breeds excellence.
1:52:10 - What Chris learned from Cardinal John Newman.
2:00:25 - What Buffett teaches about friendship, generosity, & kindness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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0:00.0 | Hi there, I'm thrilled to introduce Chris Davis, who's our special guest on today's episode |
0:08.1 | of The Rich O'Wise, a happier podcast. |
0:10.8 | Chris is a very well-known and extremely insightful investor who spent most of his career |
0:15.8 | at an investment firm called Davis Advisors. |
0:18.8 | One thing that's unusual about him is that he belongs to a multi-generational family |
0:23.2 | of exceptional investors. |
0:25.6 | His father was a legendary fund manager named Shelby Davis, and his grandfather was a |
0:31.0 | legendary private investor named Shelby Column Davis, who've famously turned an initial |
0:36.4 | investment of $100,000 into something like $800,000,000 by the end of his career. |
0:43.0 | So Chris is the third generation in this dynasty of elite investors who've built a series |
0:49.2 | of fortunes in the stock market going back to the late 1940s. |
0:54.1 | As you'll hear in this conversation, he's also an unusually charming and ebullient and |
0:58.8 | engaging conversationalist, so maybe it's no surprise that he's one of the best-like |
1:03.6 | and best-connected investors I know. |
1:06.7 | He's friends with an amazing array of financial icons, including Warren Buffett and Charlie |
1:11.6 | Munger, who've been invaluable mentors to him. |
1:14.9 | He's also very close to renowned investors like Tom Gainer, Mason Hawkins, Bill Miller, |
1:21.2 | and he was friends with the late Jack Bogle, who founded Vanguard. |
1:25.4 | Chris has also spent a good deal of time in the company of a lot of hugely successful CEOs, |
1:30.1 | including Jeff Bezos and Jamie Diamond. |
1:32.8 | So in many ways, I think of him as the ultimate insider observing up close, what it takes |
1:38.6 | to succeed at the very highest levels of business and markets. |
... |
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