Shelby M.C. Davis
From Wikipedia, the free encyclopedia
Shelby Moore Cullom Davis (born 1937[1]) 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[2] and Kathryn Wasserman Davis.[3] He is a graduate of Princeton University[4] and began his career at The Bank of New York,[5] where he became the bank's youngest vice president since Alexander Hamilton.[6][7]
Davis left BNY in 1968 to found an investment management firm that eventually became Davis Selected Advisers,[8][9] which as of 2021 manages about $37 billion in several funds.[10]
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,[11] a "legend" by Money magazine,[12] "legendary" by Financial Advisor magazine,[13] and a "legendary investor" by Kiplinger's Personal Finance magazine.[7]
Davis is currently married to his second wife, Gale.[5] His first wife, Wendy A. Adams, was the daughter of Boston Bruins Chairman Weston Adams.[4] 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.[14]
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".[15]