Monday, 5 May 2014

Shelby Davis: An Unknown, Great Value Investor


In the pantheon of investing greats one of the least talked about, but most successful investors, is Shelby Davis.  Starting at age 38, he took $50,000, provided by his wife Kathyrn, and amassed it into a $900 million fortune in 47 years.  This amounts to an annual compounded rate of return of over 23% during that time span.   While his investing process can be summed up as growth-at-a-reasonable-price, he hardly wrote anything down as to not waste money on paper (he often wrote on the back of envelopes and scraps of paper which were tossed away).  His extreme frugality helped him to save every penny he could to invest in “compounding machines,” as he called them.  When he died he left his money in a charitable trust and left little to nothing for his two children; he was the epitome of a penny-pincher.

Read? Shelby Davis: An Unknown, Great Value Investor
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2 comments:

  1. Createwealth88885 May 2014 at 21:57:00 GMT+8

    One colleague said at 40 years old he is too late to learn to be a serious retail investor.

    One of the greatest investor started at 38!!!

    Uncle8888 started serious investing with definite investing goals at 44

    Moral of the Story

    Never too late to re-learn to be good investor.

    ReplyDelete
  2. Anonymous6 May 2014 at 15:27:00 GMT+8

    HA! HA!
    You beat me by 4 years.
    Of course we have to keep on learning plus re-learning (don't make the same mistake twice if you have re-learned)

    ReplyDelete