Many years ago I read The Davis Dynasty :Fifty Years of Successful Investing
On Wall Street. The author was John Rothchild who co-wrote the Peter Lynch books
Learn to Earn and One Up on Wall Street. The Davis Dynasty is 320 pages long as
opposed to the Davis Discipline is 154 pages long. Both books were written by
John Rothchild and carry the same subtitle Fifty Years of Successful Investing.
I have not read the The Davis Discipline so I cannot compare or contrast the
two books but the stories that Texirish quoted were familiar to me.

I remember the hot dog story because I often bring it up when I mention
the Munger quote "Most Of Our Shareholders Drive 10 Year Old Buicks."

Chris Davis manages the Clipper Fund which many years ago was managed by
well known value manager James Gipson. Munger's friend Franklin Otis Booth Jr.
was a Director of Clipper and had to find a replacement when Gipson left
Clipper. Booth owned 18,000 shares of BRKA putting him slightly behind
Munger in percentage ownership of Berkshire.

Berkshire Hathaway FAQ

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