Chris Davis
The Steward
Legacy, values and the long now, leadership as care and continuity.
Chris Davis embodies The Steward through a philosophy of permanent ownership that extends beyond capital to relationships and culture. The Davis Advisors chairman insists on holding businesses forever and rejects exit-strategy thinking altogether, a conservator's stance in an industry organised around the sale.
“Little more leverage, but that's not who Warren is and that's not what he wanted. And the amazing gift, and you know who I would put in this category is Seth Claran, a bow post.”
“And yet I have, even though I can't physically, I haven't experienced insomnia, I have a deep visceral sense of what hell that must be. And similarly with happiness and depression, I see people that are depressed and I feel so lucky that I'm just dispositionally have a tendency towards happiness and contentment.”
“And so in the book, he says there are times he didn't need to do it. He just, you know, he was managing his brand, you know. But in a way that he felt it was important, and well, my grandfather had that.”
“Well, the absolutely optimal outcome will be achieved based on luck, right? In other words, it's somebody will buy that lottery ticket and will get a nearly infinite return, you know, a billion to one payout or whatever.”
Masters in Business: “Beating the S&P For Generations with Davis Funds Chairman Chris Davis”
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