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by adventured
2320 days ago
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> Isn’t it possible to become a billionaire without anyone knowing? Yes, it's possible to do it quasi-quietly. This optometrist did exactly that. https://www.forbes.com/sites/maddieberg/2019/02/19/the-great... https://outline.com/9H4YAb "Optometrist Herb Wertheim may be the greatest individual investor the world has never heard of, and he has the Fidelity statements to prove it. Leafing through printouts he has brought to a meeting, you can see hundreds of millions of dollars in stocks like Apple and Microsoft, purchased decades ago during their IPOs. An $800 million-plus position in Heico, a $1.8 billion (revenue) airplane-parts manufacturer, dates to 1992. There are dozens of other holdings, ranging from GE and Google to BP and Bank of America." "The Microsoft shares he bought during the IPO, which have been paying dividends since 2003, are now worth more than $160 million. His 1.25 million shares of Apple, some purchased during its 1980 IPO and some when the stock was languishing at $10 in the 1990s, are worth $195 million." |
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