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This Investor Produced an Annual Return of 23% Over 47 Years: Here Are 3 Lessons From How He Invests
By Seedly  •  November 13, 2020
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 BuffettBenjamin GrahamCharlie 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...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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