Shelby Davis was listed as one of the 400 richest Americans by Forbes magazine in 1988. He had turned his assets from $50,000 in his lifetime of investing in insurance company stocks to remarkable value of $900 million at the end of his life. Davis formed a philosophy by constantly buying new stocks and rarely selling any. He bought into Chubb very early stage and hold on to it to gain simply outstanding returns. Davis treated investing and ownership like a very serious business. He is a principle man who kept within his region of expertise, and do not worry too much on the fluctuations of the market from year to year. He saved and invested new money every month. With the current market downturn in the US and global stocks market slump, this books opens up another view of long-term investing especially in this current uncertain bearish market.
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