Chris Davis on The Value Case For Google And Amazon [PREVIEW]VW Staff
Beginning tomorrow, May 9 at 7:30 p.m.(ET) on WLIW21 (New York) and nationwide on public television (check local listings**), “Consuelo Mack WealthTrack” features a rare TV interview with third-generation “Great Investor” Chris Davis, chairman of Davis Advisors and portfolio manager of the Davis Funds, who shares the investment lessons from his family’s winning strategy: own businesses, not stocks, and focus on long-term value, not short-term expansion.
Watch a preview of Consuelo Mack WealthTrack’s interview with Chris Davis:
This video is embeddable. Clip transcript available upon request.
“WealthTrack” Anchor & Executive Producer Consuelo Mack says, “In this clip, Davis explains why Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is the second-largest holding in his flagship New York Venture Fund and represents the new generation of blue chips – and why he believes Amazon.com, inc. (NASDAQ:AMZN) deserves to be in that same category.” In the full interview, he also shares advice for individual investors, and reveals a systematic investment approach to avoid buying high and selling low, the classic investor mistakes.”
Chris Davis on Google And Amazon?
Chris Davis says: “We think acquisitions are dangerous, and yet [Google] did a brilliant acquisition of YouTube and, of course, they bought the company that created the operating system, Android, for the vast majority of phones on earth. So they have been incredibly visionary and incredibly thoughtful about how they protect this competitive business. But if you were to say, is that a business that in 10 years from now is almost certain to be more profitable than it is? I would say so, and that’s unusual in technology. That’s one of the big changes in the world is that with the Internet there have been new blue chips created. I’d put Amazon.com, inc. (NASDAQ:AMZN) in this category.We own just a little bit of Amazon, but without question Jeff Bezos is one of the great executives of a generation and has built one of the great companies, and I would defy anybody to give me a scenario where Amazon is a smaller company 10 years from now than it is today.”
The full interview will be available after tomorrow’s broadcast premiere at wealthtrack.com.
New interviews with Chuck Akre (Akre Focus Fund) and Morningstar’s 2013 Stock Fund Manager of the Year Stephen Romick (FPA Crescent Fund) premiere May 16 and May 23, respectively. Details below.
A new episode of the bi-weekly, online-exclusive series “WealthTrack Women” about How Your Financial Plan Can Go Off Course is available now at http://wealthtrack.com/women. All videos are embeddable.
**Local market airdates and more info on Consuelo Mack WealthTrack are below.
Consuelo Mack WealthTrack “Great Investor Chuck Akre”
Premieres nationwide beginning Friday, May 16 at 7:30 p.m. (ET) on public television (check local listings**) and on wealthtrack.com
Guest: Chuck Akre, Portfolio Manager, Akre Focus Fund
“Great Investor” Chuck Akre, specializes in finding “compounding machines,” the rare breed of companies delivering above average returns year after year.
Consuelo Mack WealthTrack “Great Investor Stephen Romick”
Premieres nationwide beginning Friday, May 23 at 7:30 p.m. (ET) on public television (check local listings**) and on wealthtrack.com
Guest: Steven Romick, Portfolio Manager, FPA Crescent Fund
Steve Romick, Morningstar’s 2013 Stock Fund Manager of the Year, explains why he is holding large sums of cash in his FPA Crescent Fund.
Consuelo Mack WealthTrack official websites: