Words to Remember

Where the Real Compounding Begins 🧠

Shelby Davis quote: You make most of your money in a bear market, you just don't realize it at the time.

You make most of your money in a bear market, you just don't realize it at the time.

Shelby Davis

Why we ran it

The AI grim reaper was making rounds through software, insurance brokers and financial advisors, and stocks took a breather days after record highs. Davis built a fortune buying insurers nobody wanted. His reminder is that the buying you do while an industry is out of favor is where the compounding starts.

From the February 13, 2026 issue: The AI Grim Reaper Is Making Rounds →

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