The world’s greatest investors: Shelby Cullom Davis
A big fan of Benjamin Graham, legendary investor Shelby Cullom Davis would invest in firms he considered undervalued.
Davis was born in Peoria, Illinois, and graduated from Princeton in 1930. He then did postgraduate work at Columbia and the University of Geneva. He had several successful careers as a foreign correspondent for CBS and as an adviser to Thomas Dewey, the then governor of New York.
After briefly working as an insurance commissioner, he bought a seat on the New York Stock Exchange for $33,000 and set up his own brokerage firm, Shelby Cullom Davis & Company in 1947. He worked there until his death at the age of 85 in 1994.
What was his strategy?
Start your trial of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Did this work?
What were his biggest successes?
What lessons can investors take from his success?
