Shelby M.C. Davis
Shelby Moore Cullom Davis (born 1937) is an American philanthropist and retired investor and money manager.
Shelby Moore Cullom Davis | |
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Personal details | |
Born | U.S. |
Spouse | Gale Davis |
Occupation | Businessman, investor, philanthropist |
Davis is the son of money manager Shelby Cullom Davis and Kathryn Wasserman Davis. He is a graduate of Princeton University and began his career at The Bank of New York, where he became the bank's youngest vice president since Alexander Hamilton.
Davis left BNY in 1968 to found an investment management firm that eventually became Davis Selected Advisers, which as of 2021 manages about $37 billion in several funds.
All the Davis funds invest in public equities and have been described as "value stock" funds. Shelby Davis's reputation with such stocks was such that he was called a "legendary fund manager" by the New York Times, a "legend" by Money magazine, "legendary" by Financial Advisor magazine, and a "legendary investor" by Kiplinger's Personal Finance magazine.
Davis is currently married to his second wife, Gale. His first wife, Wendy A. Adams, was the daughter of Boston Bruins Chairman Weston Adams. Davis served for a time as Vice President of the Bruins, and as a result of the team's championship win in 1972, his name is engraved on the Stanley Cup.
In 2012, John Rothchild published a profile of Davis, his father, and his sons, called "The Davis Dynasty: Fifty Years of Successful Investing on Wall Street".