Subject: Re: interview with Chris Davis
His flagship fund hasn't beaten WEB over the past 3, 5, 10, 20, 30 years.

Anyone can talk like Buffett, but that doesn't mean you'll beat him.

Yeah I've enjoyed listening to him on some podcasts.

Active management is difficult, though rewarding for the folks collecting the management fees.

Here's SPY vs BRK.b vs Davis New York Venture Fund vs Davis Opportunity Fund:
15 years:
https://stockcharts.com/freech...

10 years:
https://stockcharts.com/freech...

SPY vs BRK.b vs DUSA (Davis Select US Equity ETF) - "Our Actively Managed, Best-Ideas Portfolio"
https://stockcharts.com/freech...

Not impressive.