This is a story of a man who identified another person’s talents for compounding money.
His first purchase was of 40 shares at $265.
Two weeks later he bought 60 more shares at $295.
Four weeks after that he bought another 200 shares at $330.
After that he bought many more shares of the same company.
The company he was buying was Berkshire Hathaway.
The man he bet on was Warren Buffett.
Today he is a billionaire.
His name is Steward Horejsi.
The lesson I take from this is to buy into a great business and have a robust mental framework to stay with it.
This post originally appeared on my blog kapoordiary.com Feel free to visit me there.