oldye Posted November 23, 2009 Share Posted November 23, 2009 Descendants of Shelby Davis just bought 2.5% of Fairfax. Cheers! Link to comment Share on other sites More sharing options...
twacowfca Posted November 24, 2009 Share Posted November 24, 2009 Going for the "Davis Double", evidently. Link to comment Share on other sites More sharing options...
Grenville Posted November 24, 2009 Share Posted November 24, 2009 I just can't seem to forget the fact that they missed the ball on AIG. They had over a billion before AIG imploded. Interesting picture: AIG reported holdings in Davis NY Venture Fund 10/31/07 28,556,210 shares at $1,802,467,975 4/30/08 30,451,813 shares at $1,406,873,761 Link to comment Share on other sites More sharing options...
ValueBuff Posted November 24, 2009 Share Posted November 24, 2009 when did he add the shares of FFH? Link to comment Share on other sites More sharing options...
watsa_is_a_randian_hero Posted November 24, 2009 Share Posted November 24, 2009 I just can't seem to forget the fact that they missed the ball on AIG. They had over a billion before AIG imploded. Interesting picture: AIG reported holdings in Davis NY Venture Fund 10/31/07 28,556,210 shares at $1,802,467,975 4/30/08 30,451,813 shares at $1,406,873,761 Doesn't this mean AIG owned the Davis fund, not the Davis fund owned AIG? Link to comment Share on other sites More sharing options...
Rabbitisrich Posted November 24, 2009 Share Posted November 24, 2009 I just can't seem to forget the fact that they missed the ball on AIG. They had over a billion before AIG imploded. Interesting picture: AIG reported holdings in Davis NY Venture Fund 10/31/07 28,556,210 shares at $1,802,467,975 4/30/08 30,451,813 shares at $1,406,873,761 Doesn't this mean AIG owned the Davis fund, not the Davis fund owned AIG? The Venture fund owned AIG. The global fund held $65B in assets as of July 31, so it's hard to imagine that Chris Davis personally dug through the 10-K notes. Plus, he probably knew Hank Greenberg personally, and he couldn't imagine that such a capable man could F up with a capital F. Another good investor, Wally Weitz, fell under a similar trap through long association with Angelo Mozilo. It happens to the best. Link to comment Share on other sites More sharing options...
Partner24 Posted November 24, 2009 Share Posted November 24, 2009 In my opinion, FFH is a perfect fit for the Davis family investment style. Regarding AIG, as far as I know, it's been a Davis family holding since decades ago. Link to comment Share on other sites More sharing options...
Grenville Posted November 24, 2009 Share Posted November 24, 2009 I just can't seem to forget the fact that they missed the ball on AIG. They had over a billion before AIG imploded. Interesting picture: AIG reported holdings in Davis NY Venture Fund 10/31/07 28,556,210 shares at $1,802,467,975 4/30/08 30,451,813 shares at $1,406,873,761 Doesn't this mean AIG owned the Davis fund, not the Davis fund owned AIG? Sorry, I wrote things backward. Davis NY Venture Fund held AIG. Link to comment Share on other sites More sharing options...
twacowfca Posted November 25, 2009 Share Posted November 25, 2009 In my opinion, FFH is a perfect fit for the Davis family investment style. Regarding AIG, as far as I know, it's been a Davis family holding since decades ago. You are almost certainly right. Shelby (the first) bought AIG after his first trip to Japan and the Far East in the 1960's. It became a long term 100 bagger for him. It's likely that AIG was a legacy holding for the Davis family and that they were not diligent to keep a close eye on it after Greenberg stepped down. Link to comment Share on other sites More sharing options...
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