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Explore Why Chris Davis Sits on Berkshire's Board for Almost Nothing — And What He's Seen From the Inside with 5,071 views, 96 likes, and 1 comments. Experience the impact of this video content that has captured audience attention.

Chris Davis serves on the Berkshire Hathaway board for around $7,000 a year, no stock options, no liability insurance, and with about $20 million of his own money in the company’s stock. Chris is also the chairman of Davis Advisors, and a third-generation value investor. William and Chris talk about what it's like inside a Berkshire Hathaway board meeting, why Warren Buffett thinks about risk in ways that would stun most CEOs, and why the most dangerous idea in modern culture — that your destiny is determined by forces outside your control — is something the best investors reject regularly. Conversations like this are the centerpiece of the Richer, Wiser, Happier Masterclass, organized for a small and extremely select group of keen investors and passionate learners who would like to interact with William over the course of a year through engaging monthly Zoom calls and one-of-a-kind, in-person events. The aim is to create a year-long journey of exploration to help you move toward a life that is truly richer, wiser, and happier. We are now accepting applications for the next cohort. Details at https://williamgreenwrites.com/masterclass/ This video clip comes from an in-depth episode of the Richer, Wiser, Happier podcast from 2023. Since then Charlie Munger has died and Warren Buffett has retired as CEO of Berkshire, with Greg Abel taking over in that role. To hear the full interview, visit William Green's Markets & Life podcast library at The Investor's Podcast: https://www.theinvestorspodcast.com/richer-wiser-happier/ 🧭 Topics Covered What Marcus Aurelius' Meditations reveals about the art of consciously cloning the best qualities of people you admire — and why the greatest thinkers have always done it. Why William Green hid a self-help book behind other books on his shelf at 21 — and why he thinks someone in the audience needs to read it right now. The idea quietly undermining a generation of investors: that success is rigged, agency is an illusion, and self-improvement is somehow inauthentic. Why Chris believes the cynicism around self-improvement is one of the most destructive forces in modern culture — and what Aristotle, Thoreau, and a rabbi from the Talmudic tradition all say about it. The Bishop of Newark's answer to "what is the opposite of faith?" — and why it applies directly to how the best investors handle uncertainty. Why Chris pays directors of his own fund $0 in compensation — and what that has to do with Berkshire paying its board members almost nothing. What it's like inside a Berkshire board meeting: the tone, the candor, and what Warren surfaces that he can't fully convey in the annual report. How Warren Buffett thinks about risk — nuclear weapons, bioterrorism, capital markets shutting down — in ways that would stun most CEOs. Why Berkshire is worth fighting for as an institution even beyond Warren and Charlie — and what Chris sees as the board's real job now. The LeBron James of capitalism: why Chris thinks we should celebrate great business builders the way we celebrate great athletes. ⏱️ Chapters [00:00:00] — Marcus Aurelius was consciously cloning too: what the Meditations reveal about self-improvement [00:01:00] — The book William hid behind other books on his shelf — and why someone in this audience needs it [00:03:00] — The most dangerous idea in modern culture: that agency is an illusion [00:05:00] — How self-improvement became embarrassing — and what that costs us [00:06:00] — Thoreau, Rav Ashlag, and the evidence that you really can change your wiring [00:07:00] — The Bishop of Newark: the opposite of faith is not doubt, it's certainty [00:09:00] — Why Chris tells his children to say "I'm nervous" instead of "I have anxiety" [00:10:00] — The LeBron James of capitalism: inequality vs. poverty, and why we should celebrate great founders [00:14:00] — Berkshire as a teaching institution: capitalism done right, at scale, over decades [00:15:00] — What it costs to sit on Berkshire's board: around $7,000 a year, no options, no insurance, your own money at risk [00:19:00] — The board's real job: protecting a culture that outlasts its founders [00:23:00] — Inside a Berkshire board meeting: what's the same, what's different, and what surprised Chris [00:25:00] — How Warren thinks about risk: nuclear weapons, bioterrorism, and scenarios no normal CEO considers ✅ Connect with William Green Website: https://williamgreenwrites.com/ LinkedIn: /william-green-richerwiserhappier Twitter/X: @WilliamGreen72 ⚠️ Disclaimer / Disclosures This content is for general informational purposes only. Opinions are those of William Green and Chris Davis and do not constitute financial, legal, or professional advice. This clip comes from a William Green Richer, Wiser, Happier podcast with Chris Davis in 2023. #WilliamGreen #ChrisDavis #DavisAdvisors #BerkshireHathaway #WarrenBuffett #CharlieMunger #RicherWiserHappier #ValueInvesting #SelfImprovement #Capitalism

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