The Misfits: Arthur J. Gallagher (AJG)

Yes, selling insurance is still a good business...

The Insurance Salesman, Arthur Lidov. Oil on Board

Alpha can come from anywhere. Unfortunately, not everyone is looking around enough to find it. Hundreds of people have an opinion on companies like Apple, Tesla, Google, and many other giant companies.

Then there are the quiet ones. Not much is said about them, but if you were lucky enough to have found them years ago, you’re probably sitting on gains equal or greater to those financial media darlings.

Today, let’s look at insurance brokerage Arthur J. Gallagher (NYSE: AJG). Perhaps one of the greatest wealth compounders over the past 35 years that doesn’t get nearly the attention it deserves.

Shoutout to Koyfin for their data and charts, without which much of the research for this piece wouldn’t be possible. Sign up for Koyfin here and receive 10% off.

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