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The 10,000 Day Increment Concept
The narrator recalls their time as an accountant, where they had to calculate the NAV of money market and bond funds. They used a program to make the calculations easier and ended up discovering that they were around 9,500 days old at the time. This realization led to the idea that life can be divided into 10,000 day increments.
In this episode, William Green talks with Chris Davis, a renowned investor at Davis Advisors who also serves on Berkshire Hathaway’s board of directors. Here, Chris shares powerful lessons he’s learned from his mentors—Warren Buffett & Charlie Munger—about building financial resilience, learning from our mistakes, avoiding our weaknesses, harnessing trust, & flourishing as we age.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
10:09 - What Chris Davis has learned from Buffett & Munger about aging well.
18:27 - Why trust is a superpower in business & life.
30:04 - Why many successful investors fail to build good relationships.
38:31 - How Buffett & Munger consciously avoid their weaknesses.
40:38 - What Buffett learned from Dale Carnegie.
1:00:26 - Why Chris views Jeff Bezos as “the LeBron James of capitalism.”
1:18:24 - What it’s like to hear Buffett talk at Berkshire’s board meetings.
1:21:37 - How Buffett thinks about risk & resilience.
1:26:44 - How Munger inspired Chris to be radically open about his mistakes.
1:38:59 - How to run an organization that breeds excellence.
1:52:10 - What Chris learned from Cardinal John Newman.
2:00:25 - What Buffett teaches about friendship, generosity, & kindness.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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