Video Library

Why we believe selectivity is more important in a time of great market and economic transition and highs in both market concentration and valuations

Why we’re focused intently on identifying resilient companies with above average growth prospects - and not overpaying

Look for the same characteristics in an investment manager that you'd look for in a company: a track record of execution, resilience, adaptability to change

Why we see tailwinds and opportunities across Financials, Tech, Healthcare and Industrials

Why investors often overpay for the inflated growth projections of today's high flyers - taking on risk in the areas they see as safe

Why the best-run Financials continue to be significantly undervalued, as investors misunderstand their durability and earnings power

How we navigate the Technology sector, identifying companies with durable, growing earnings and avoiding the lofty valuations of "story stocks"

Passive management often buys what's gone up and sells all the way down. Active managers can add real value by doing rigorous company research and bucking the consensus view

Identifying the great, but out-of-the spotlight companies that support the current tech revolution

How we're thinking through transformational growth opportunities, along with the risk of the over-hyped companies and soon-to-be obsoleted business models

Why we don't bet on blockbuster drug approvals - focusing instead on durable companies that are helping to manage costs across the healthcare system

Don't forget opportunities in the real physical world of commodities, agriculture and building products, far from today's over-hyped story stocks

How companies like Teck Resources are helping to meet the challenges of building out electrical capacity in a transitioning world

In a world of significant transformation, it's not about risk on / risk off. It's about aligning with durable, adaptable, growing businesses and not overpaying

The most common and damaging investor penalty comes from rushing in at euphoric high prices and panic selling at the lows. Here's a real alternative.

• What investors need to focus on through 2024
• Why the fund’s attractive growth and low valuations position it well for a market in transition

PM Chris Davis on the deep insights he gained from Berkshire Hathaway’s Charlie Munger on successful investing, the importance of stewardship, and “living a life in a web of deserved trust”

Our highly selective portfolio of durable companies with attractive growth – at a greater than 40% discount to the S&P500 – may be a viable compliment or alternative to index positions

Traditional business fundamentals are finally being rewarded again, driving our performance

The end of the “easy money” era is unwinding the market distortions of the past decade, reinventing the landscape for businesses and investors

With normalizing rates, companies will need to earn their higher valuations. Find lower-multiple companies with sustainable and growing margins.

Buy and hold regularly outperforms guessing the timing of the next recession. Align with companies that can ride out the storms.

As rates normalize, specific companies attributes may be rewarded or penalized by the markets

Examples when attractive stock-picking opportunities could be found in otherwise expensive markets

Why we’re focusing on select opportunities within Financials, Tech at a reasonable price, Healthcare and Industrials

We’re focusing on several categories across this underappreciated sector, with durable business models and low valuations

“Financials” are often mistakenly lumped together, despite their wildly differed risk and opportunity profiles. The best are being rewarded by investors, but remain undervalued

Focus on the Tech Stalwarts with reasonable valuations, in addition to the Online Giants

Ways artificial intelligence will be impacting business costs and productivity – in ways not yet reflected in their valuations

Demographic tailwinds benefitting Healthcare Services, a focus on electrification and energy efficiency among Industrials

The end of the easy-money era, why fundamentals matter again and drivers of recent performance

The bursting of the easy money bubble marks a huge transition for the markets

How the end of the free money era is ending the distortions of the past decade and returning rationality to the markets

The long period of low interest rate fueled a bubble, creating widespread market distortions and irrational valuations

Examples of how the low interest bubble era fueled speculation and irrational valuations

The long period of low interest rates punished companies who were succeeding by traditional measures

Our top 15 companies grew earnings at an attractive rate while their multiples compressed – a compelling combination as the distortions of the easy money era fade

The speed of the current rate-hiking process and how it’s impacting companies who benefitted in the easy money era

In our view, what types of companies should be avoided, and which stand to benefit from the end of the easy money era

Tech, Semis, Financials and other themes we expect to drive returns

The huge, long-term tailwinds driving Semiconductor growth

The ever-expanding margins and valuations of the past decade are unlikely to be sustained

Electrification is driving copper demand, and the “decarbonizing” of energy is driving biofuels

Investors have rushed to a narrow universe of companies, driving valuations higher and placing the stocks in danger if growth disappoints

Reduce potential risk by aligning with founder-led companies that have strong fundamentals and benefit from a growing middle class

European banks often have different industry dynamics than U.S. competitors, are often the market leaders of financially-responsible countries, have high dividend yields and attractive multiples

After an extended period of underperformance vs the U.S., a case can be made for a turn in this cycle. Today’s 30% discount to domestic markets may offer a compelling starting point

Portfolios built on fundamental bottom-up research. Our companies have grown faster yet trade at significant discounts to their respective index

Why we believe select banks are attractive, given their durability, long-term growth, competitive advantages, growing market share and attractive valuations.

As rates normalize, certain business models are going to be severely challenged. What kind of companies do you want to own?

To benefit from the wealth-building potential of equities, investors need to understand that pullbacks and drama will be an inevitable part of the journey.

We believe that select Banks may be among the best opportunities in the market today, as investors significantly overestimate the risks and underestimate the upside potential of these durable businesses

How inflation quietly eats away at the purchasing power of consumers and how Equities – while volatile in the short term – can help investors build long-term wealth faster than inflation can degrade it

A portfolio of resilient, growing, cash-generating businesses – undervalued over a decade when low-interest rates deemed those attributes unnecessary

Identifying vulnerable companies in both the Value and Growth camps – each dangerous in their own ways

How the guidance of a financial advisor can help investors successfully build wealth as they navigate inevitable market volatility.

Predicting is futile. Buy businesses that have proven resilient through the inevitable storms. Investors are now being reminded of the critical importance of business durability.

How emotion can impact the ability of investors to successfully compound wealth and the importance of partnering with a financial advisor.

Market forecasters have a terrible record of predicting the future. Investors influenced by them may be sabotaging their returns.

10% market corrections happen once a year on average. Don’t allow these inevitable pullbacks to sway you from your investment plan.

The danger of investment products built on back testing. Markets continuously evolve and factors that seemed to have worked in the past may not work going forward.

The vast majority of factors across society and around the world have improved massively for decades. Betting against long term progress is a loser’s game.

How an unemotional investment approach can allow investors to see opportunity more clearly.

The types of companies that may continue to thrive if inflation increases.

The most important lessons on successfully compounding wealth from our 50 years in the equity markets

Chris Davis on common pitfalls that often sabotage an investor’s return and how advisors can help.

Chris Davis on his firm’s time-tested, benchmark-agnostic investment approach, and two fundamental questions that lie at the heart of their research process.

Chris Davis tells Barron’s about the powerful lesson his grandfather taught him about thrift, financial independence and the miracle of compounding.

Three important attributes of successful fund managers

Chris Davis shares Berkshire Hathaway investing legend Charlie Munger's humorous wisdom on the futility of forecasts and predictions.

Our exceptional co-investment ensures that we focus on generating attractive returns, managing risk and minimizing expenses.

No one can consistently predict the markets over the short term, yet there are ways to invest with confidence to reach your long-term goals.

The profound influence these investment icons have had on our firm and philosophy.

“You make most of your money in a bear market, you just don't realize it at the time”, and other key insights.

How the mistakes hung on the wall of our research department help us to improve investment returns.