A man whose expertise is in the history of Russia and political science, with no financial education or experience in Wall Street, started investing at age 38 with $50,000 borrowed from his wife. He invested in the most monopolized sector you can imagine — the insurance industry.



He passed away after 47 years, with a net worth of $900 million.

His name is Shelby Davis, and almost no one has heard of him, despite his compound annual return being close to Warren Buffett's own return.

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