Christopher Davis
Christopher Davis
conviction goes great money people quote reminded swimming tests tide time warren
This is going to be a time that tests people's conviction, and people have thought often of how much money they can make and not enough about the question: How much can you lose? I'm reminded of a great quote by Warren Buffett when he said: 'It's only when the tide goes out that you see who is swimming without a bathing suit,'
article involved month news request saw
We got involved because I saw some news article about it on the Internet, about a month after they put out the request for proposals.
book books-and-reading department ideas submitted together
We put together this 25-page book of essentially our ideas on how we would go about doing the project, and we submitted that to the Department of Energy.
bob capable caution charge investor manager portfolio since smith throw
Portfolio manager Bob Smith has been in charge since 1997 and is a very smart, capable investor who won't throw caution to the wind,
book books-and-reading copy encourage good people
I would encourage people to get a copy of the book. It's a good book to have.
area areas buy engines great growth investor obvious sensible tech term thinking tremendous wants wonderful
I think that in the high-tech area there were obvious areas of tremendous excess, and yet, of course, it's one of the great growth engines of the economy. Every investor thinking about the long term wants to own growth, but you have to buy it at a sensible price. And in the tech area, there are wonderful concepts, wonderful ideas, great productivity drivers, but still many overpriced issues,
change mutual potential sea
It is a potential sea change in mutual funds.
bought businesses certainly concern earnings expert justify lifetime market parts people produced psychology rather thinking
I think there will certainly be some concern about earnings, but there are also parts of the market that will probably be grossly overvalued. I may not be an expert in all of them, but I do know that the earnings that would be produced by the businesses over their lifetime could never justify their market capitalizations; people bought them because they thought they have to go up, so in that sense, they're thinking about psychology rather than economics.
finding rogers unusual value
Rogers is finding value in some unusual places.
colorado ready run
We're ready to give Colorado a real run for their money.
behind city decision hard love putting sit
I really do have to sit down and make decision and it's hard to do. It's like I'm putting the city that I love behind us.
add generally higher performance produce returns stocks
Stocks generally produce higher returns than bonds, and ... the differences in performance really add up over time.
bonds holds investors stocks taxable vehicles wisdom
Conventional wisdom holds that investors should hold bonds in tax-protected vehicles like IRAs and stocks in their taxable accounts.
lost
It wouldn't be catastrophic if they lost it.