A Lesson in 'Value vs Price'

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/