Clipper Fund

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

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

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

What types of companies should be avoided, and which stand to benefit from the end of the easy money era

The huge, long-term tailwinds driving Semiconductor growth

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

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

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.

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

Four areas we are finding opportunities now among resilient, cash-generative companies with attractive growth profiles and surprisingly low multiples

High quality, resilient, cash-generating businesses bought at attractive prices may be the place to be if you are concerned with protecting long term purchasing power in a period of higher inflation

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

Equities remain the preferable asset class – Particularly companies with the pricing power to pass along higher costs (select Tech and Industrials) or who benefit outright from rising rates (Financials)

Is the current environment unprecedented? Combating the uncertainty felt by every investor when confronted with inevitable crises

Ukraine conflict impacts to economies, trade, equity and commodity markets, and central bank policy around the globe

Financials are again proving their resilience. We believe rising rates may boost earnings, offering significant opportunity from today’s low valuations

Investment rationale for Intel, and the new position Teck Resources – A copper producer benefitting from new economy reliance on that metal (buildings, electric vehicles) at a time of low industry investment

Areas we’re finding undervalued “Growth” companies and “Value” companies with durable, underappreciated earnings growth.

China has durable, world class, growing businesses being offered at single-digit multiples. Consider select opportunities at today’s levels, in expectation that regulatory issues will be resolved.

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

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

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 a decade of underperformance of value vs growth and international vs domestic can create investment opportunity.

The distortions and anomalies of the current market environment – extraordinarily narrow leadership, massive performance disparities between growth and value – and the risks and opportunities being created

Despite COVID, enormous opportunities can be found in the US among both digital leaders and undervalued companies, European multinationals and consumer businesses across Asia. Rigorous research and selectivity are critical.

Financials are the cheapest sector in the market – despite the strongest balance sheets in their history and their capture of a growing share of the market’s total earnings over the decade

Davis Advisors is an independent, employee-owned investment firm that specializes in managing equity portfolios. Our process has been honed over 50 years and three generations of investment success. See the video for more.

Chris Davis on the market reaction to COVID-19; how we are identifying those strong, durable franchises that have been mistakenly marked down based on short-term market concerns

The mindset that fosters investing success through difficult markets; emerging opportunities for long-term wealth building