John Rothchild has written a fascinating biography of one of Wall Street’s most successful and least-known investors, Shelby Davis, who turned a $50,000 initial investment in 1947 into $900 million, almost exclusively by buying and selling insurance stocks. Part character study, part Wall Street history, Rothchild’s book reads like a novel, with an accessible and witty narrative. Of special note is the concise summary of Davis’ investment strategy, which rivals Buffettology in its simplicity and common sense. In Rothchild’s hands, Davis’ life becomes a fun read, no matter what your business interests, and getAbstract recommends this book to all curious readers.
In this summary, you will learn
- The story of Shelby Davis, the only man beside Warren Buffet to earn a spot on the Forbes list of wealthiest Americans by picking stocks, and
- The basic tenets of Davis’ investment strategy.
About the Author
John Rothchild wrote the blockbusters One Up On Wall Street Beating the Street and Learn to Earn (with Peter Lynch). He is the sole author of The Bear Book, A Fool and His Money and Going for Broke. A former editor of The Washington Monthly, and Fortune Magazine, Rothchild has written for Harpers, Rolling Stone, Esquire and other magazines. He has appeared on the Today Show, The Nightly Business Report and CNBC.