What podcasts say about Chris Davis

Every statement, with the speaker, the exact quote and the moment it was said.

What Chris Davis has said on podcasts

14 statements · 6 positive · 8 negative

on Great businessesNegativeOct 11, 2026· Excess Returns
Selling a great business is usually the biggest investment mistake.
“the biggest mistake you make is selling it”
Listen at 3:47
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Mutual fundsPositiveOct 11, 2026· Excess Returns
Smoother returns may produce higher investor outcomes in mutual funds.
“the smooth 12 would translate to a higher end return for the investors in that fund”
Listen at 6:20
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Concentrated stock positionsNegativeOct 11, 2026· Excess Returns
Large concentrated positions can suffer severe idiosyncratic losses.
“having a 20 or 25 or 30 position where we know you know you can have idiosyncratic factors that could take down any company stock in any given moment at 50 or percent or so”
Listen at 7:19
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Naspers investment in TencentPositiveOct 11, 2026· Excess Returns
Naspers’s Tencent investment grew from $32 million to $235 billion.
“The original $32 million investment grew to $235 billion.”
Listen at 11:09
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Purchase price of a businessNegativeOct 11, 2026· Excess Returns
Paying more for the same business lowers returns and increases risk.
“if you pay a higher price for the same business you by definition reduce the return because you are paying more and you increase the risk”
Listen at 24:55
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Costco Wholesale CorporationNegativeOct 11, 2026· Excess Returns
Davis’s Costco store-count models materially underestimated its potential.
“our models of how many stores there could be were wildly too low”
Listen at 27:25
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Tesla autonomous-driving softwarePositiveOct 11, 2026· Excess Returns
Tesla could gain substantial profits by licensing autonomous-driving software to other automakers.
“if they were able to make, you know, ten thousand dollars a profit on everybody else's cars, then it's a total”
Listen at 31:16
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Incremental return on capitalPositiveOct 11, 2026· Excess Returns
High incremental returns on capital can create valuable additional compounding.
“a company with a 15 or a 20 percent return on incremental capital. In a way, I leave the capital in the business and I get this benefit of this additional compounding”
Listen at 38:05
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Cloud service providersNegativeOct 11, 2026· Excess Returns
Four or five cloud providers with low switching costs would weaken provider value capture.
“if we end up in. 2028 or 2029 with four or five cloud providers and low switching costs”
Listen at 44:31
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on AI infrastructureNegativeOct 11, 2026· Excess Returns
Low switching costs could shift AI infrastructure value from builders to users.
“the value of that tool is going to go to the users of it rather than the builders of it”
Listen at 44:47
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Users of AI technologyPositiveOct 11, 2026· Excess Returns
Technology users may be the strongest long-term investment opportunity.
“the obvious long-term play is who are the users of the technology?”
Listen at 47:07
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on AmazonNegativeOct 11, 2026· Excess Returns
Aggressive monetization could degrade service and weaken Amazon’s competitive moat.
“they could degrade the service and leave the moat narrower for an insurgent competitor”
Listen at 54:51
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on AI financing dealsNegativeOct 11, 2026· Excess Returns
Opaque AI financing arrangements create investment concern.
“The opacity of some of the financing deals, of course, makes me nervous.”
Listen at 56:35
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
on Balance sheetsPositiveOct 11, 2026· Excess Returns
Balance sheets provide the longest historical view of a company’s finances.
“a balance sheet shows the longest period of time”
Listen at 58:57
Open the episode · The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.