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Article: Shelby Davis. (New York Venture mutual fund manager) (Interview)
- Article from:
- Kiplinger's Personal Finance Magazine
- Article date:
- August 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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From one of the most successful fund managers around, this tip: Buy low, then hang in there.
For 14 of the past 16 years,
New York Venture fund has outperformed Standard & Poor's 500-stock index. Obviously, Shelby Davis has been doing something right, and for quite some time at that. No other fund manager matched this record during the period, and $677-million Venture ranks among the top 10% of funds for total return over the past one and three and five and ten and 15 and 20 years.
How Davis achieved that record was the subject of our interview. Davis, 56, is a patient man, as befits someone who has run the same fund for two dozen years. He ...