Continuing with my new protocol, here I’m going to share content I consumed and learned from. This week, I spent time doing general learning about a variety of topics.

What I consumed this week and what I learned from it:

• From veterinarian to investing billions and beating the S&P for decades – YouTube interview with Chris Davis of Davis Funds, a Berkshire Hathaway board member. I read a book about his family and always enjoy his interviews. Great info on how he thinks about executing his value-investing strategy in today’s AI environment. The average earnings multiple of his portfolio is 14x, which is much lower than the current market multiple. His biggest mistakes were around selling great companies too early. He bought Amazon around 2002 and sold it in 2004. Culture is also one of the biggest things he considers when he evaluates a financial company.  

That’s what I learned from what I consumed last week.