If you had made a $10,000 investment in Berkshire Hathaway (Warren Buffetts company) in 1965, you would be sitting on $51 million today. That is the perfect example of successful long term investing, and unfortunately that is pretty much a once in a lifetime opportunity. Can you imagine throwing down 10g today on a stock and by the time you retire you have $50 mil? But the good news is that there plenty of opportunities to invest for the long run and come out with great returns if you do your research. But you will never get those types of returns being a "trader", you must be an "investor". You have to find a company with the right fundamentals and the right business model and stay in for the long haul.
Monday, May 7, 2007
Wish You Had $51 million?
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But you will never get those types of returns being a "trader", you must be an "investor".
Great point. One thing to remember though is that hind sight is 20/20... and 10K in 1965 was a *LOT* of money... so it really would be a huge gamble to invest that kind of money on one stock! Personally, I would never be able to do it (maybe that's why I'm not a millionaire yet :)
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