If Shelby Davis looked at Kinsale Capital today, he would love the plumbing but he would worry about the neighborhood, the softening property cycle.
Kinsale is such a special business. I went pretty deep and wrote a ~100-page breakdown on it — if you feel like diving in, here you go 🙂
https://slowcompounding.substack.com/p/deep-dive-kinsale-capital-group-part
Thank you Alexander, I will be sure to check it out :)
Shelby Davis also bought quality insurers cheap. Kinsale is by no measure cheap. There’s a term “the Davis double” coined since he relied on both fundamentals improving along with multiple expansion
Indeed. You can read my piece on him here: https://www.atomicmoatresearch.com/p/the-money-mind-shelby-cullom-davis
Kinsale is such a special business. I went pretty deep and wrote a ~100-page breakdown on it — if you feel like diving in, here you go 🙂
https://slowcompounding.substack.com/p/deep-dive-kinsale-capital-group-part
Thank you Alexander, I will be sure to check it out :)
Shelby Davis also bought quality insurers cheap. Kinsale is by no measure cheap. There’s a term “the Davis double” coined since he relied on both fundamentals improving along with multiple expansion
Indeed. You can read my piece on him here: https://www.atomicmoatresearch.com/p/the-money-mind-shelby-cullom-davis