Christopher Davis Quotations

We're ready to give Colorado a real run for their money.

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,

I would encourage people to get a copy of the book. It's a good book to have.

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,

It is a potential sea change in mutual funds.

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.

Rogers is finding value in some unusual places.

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.

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.

Conventional wisdom holds that investors should hold bonds in tax-protected vehicles like IRAs and stocks in their taxable accounts.

It wouldn't be catastrophic if they lost it.

There will be so many different levels of involvement. Whether it is leadership or whether it's managing the construction process or coming up with our business strategy or our branding types of things, and designing our Web site and marketing, and contacting sponsors and things like that.

People that have had a style that typically now is called momentum investing, buying the hot stocks of the day, the high fliers, that aren't supported by the economic fundamentals of the business, should change their style, ... It's not too late.

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,'

The way that we're putting it together is mainly faculty advisors with mostly student leadership. We're going to be trying to find a good number of students in architecture, engineering, industrial design and business, and our plan is to have a studio next quarter.

A lot of the organizational stuff is already started. Our plan is that Spring Quarter we will have the interdisciplinary studio to actually get most of the actual design for the project done.

Also, the fund has become more diversified, where it was once almost solely pharmas and biotechnology.

It's one of our favorite large value funds, and has offered very good long-term returns with a lot of stability.

Stocks generally produce higher returns than bonds, and ... the differences in performance really add up over time.

They were stealing change and CDs, maybe some credit cards, when they stumbled onto these things. I imagine it opened their eyes up a little bit.

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.

I counsel anyone who asks me, they ought to get out of their adjustable-rate mortgage now if they're going to live in their house for more than three or four years,

I believe he still knows where they are and may still have access to them somehow, ... They're going to be so hot now I can't imagine anybody wanting them.

All of those foundries were running at capacity in the beginning of a real upsurge in the semi-conductor cycle, so I would expect it to have some impact,