Bloomberg Wealth: Chris Davis

Chris Davis, from the multigenerational investment firm Davis Advisors, discusses his value investing philosophy, which he sees as fundamental to all investing, distinguishing it from speculation or gambling. He emphasizes assessing a business's value based on its earnings rather than market trends, advocating for long-term investments in companies with durable, resilient growth. Davis shares insights gained from his grandfather, father, and mentor, Charlie Munger, highlighting the importance of patience, understanding business fundamentals, and avoiding behavioral biases that can undermine investment returns. He touches on current market dynamics, including the "Magnificent Seven" stocks, and stresses the significance of transparency, risk assessment, and stewardship in building lasting value, drawing from his experience on the board of Berkshire Hathaway.