I first learnt about Shelby Cullom Davis some time in 2012 or 2013.
Since then, I’ve realised that he’s seldom mentioned when people talk about the greatest investors.
This is a pity because I think he deserves a spot on the podium alongside the often-mentioned giants such as Warren Buffett, Benjamin Graham, Charlie Munger, and Peter Lynch.
Davis’s story is well-chronicled by John Rothchild in the book, The Davis Dynasty.
Davis started his investing career in the US with US$50,000 in 1947.
When he passed away in 1994, this sum had ballooned to US$900 million.
In a span of 47 years, Davis managed to grow his wealth at a stunning rate of 23% annually by investing in stocks.
Source: Curtis Studio
There are wonderful investing lessons found in The Davis Dynasty and there are three that I want to share in this article.
*Banner artwork caricatures source: Davis ETFs...