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An Optometrist Billionaire Investor

102 点作者 tbgvi大约 6 年前

11 条评论

jbyers大约 6 年前
This article does its subject something of a disservice in the fourth paragraph: &quot;His fortune comes not from some flash of entrepreneurial brilliance or dogged devotion to career, but from a lifetime of prudent do-it-yourself buy-and-hold investing.&quot;<p>We learn later in the story that Wertheim did in fact demonstrate enterpreneurial brilliance <i>and</i> dogged devotion to his career <i>and</i> was an unimaginably successful buy-and-hold investor. The company he founded, BPI, threw off up to $10M &#x2F; year in cash that funded his investment portfolio.<p>That he he was successful not just as an investor, but also as an inventor and entrepreneur, is what&#x27;s truly amazing.
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m3kw9大约 6 年前
He got his first pot of gold from a very decent business, then brought into 2 of the best historic stocks of all times (AAPL and MSFT) at its lowest and held to it longer than most.
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ChuckMcM大约 6 年前
I realize that this guy fits the profile of someone from the future who is thrown back in time and left stranded :-)
blaze33大约 6 年前
&gt; “My thing is I wanted to be able to have free time. To me, having time is the most precious thing.”<p>Interestingly it&#x27;s a backward model when compared to people that use time as a resource towards money&#x2F;success&#x2F;&lt;your_goal&gt;...<p>I guess actual freedom indeed requires both free time and available resources (money&#x2F;skills&#x2F;knowledge&#x2F;etc.).<p>I see many people always filling up their schedules months in advance while I always feel better without the constraint to follow past decisions. Maybe linked to control seeking &amp; risk aversion vs. interest for unexpected opportunities...
RickJWagner大约 6 年前
Apple and Microsoft?<p>How could this guy miss out on RED HAT?
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jedberg大约 6 年前
1&#x2F;3 of his net worth comes from a single good (almost lucky) investment in his friend&#x27;s company, which he was an advisor for. That&#x27;s sort of on the line between investor and entrepreneur.<p>He&#x27;s done really well, but it&#x27;s a bit disingenuous to say that he did all through investing. He started a business that gives him 10 million a year to invest with! Yes, he appears to have taken that and increased it many times over, but it helps to start at a high base level.
nathan_f77大约 6 年前
I&#x27;m pretty sure they made a mistake with the &quot;World Yacht&quot;. They linked to a small boat in New York [1] that is used for weddings and other events, which is pretty funny.<p>I&#x27;m almost 100% sure that they were talking about &quot;The World&quot; yacht [2]. I found out about this last year, and I&#x27;d be tempted to buy an apartment if I could ever afford it (you need at least $10 million.) The expeditions are amazing [3], as well as the regular lectures and workshops [4].<p>It&#x27;s also pretentious, dystopian, and a bit embarrassing. I don&#x27;t know if those are the sort of people I&#x27;d want to spend all my time with, but maybe many of them are just ordinary people who happen to have a lot of money. It would certainly be an interesting place to live.<p>[1] <a href="https:&#x2F;&#x2F;worldyacht.com" rel="nofollow">https:&#x2F;&#x2F;worldyacht.com</a><p>[2] <a href="https:&#x2F;&#x2F;aboardtheworld.com" rel="nofollow">https:&#x2F;&#x2F;aboardtheworld.com</a><p>[3] <a href="https:&#x2F;&#x2F;aboardtheworld.com&#x2F;rare-expeditions&#x2F;" rel="nofollow">https:&#x2F;&#x2F;aboardtheworld.com&#x2F;rare-expeditions&#x2F;</a><p>[4] <a href="https:&#x2F;&#x2F;aboardtheworld.com&#x2F;experience&#x2F;enrichment&#x2F;" rel="nofollow">https:&#x2F;&#x2F;aboardtheworld.com&#x2F;experience&#x2F;enrichment&#x2F;</a>
RickJWagner大约 6 年前
“My goal is to buy and almost never sell&quot;<p>Therein lies one of the great secrets to wealth.<p>Buffett, Bogle, etc. all espouse it. For those who are looking for ways to level the economic field (at least personally), take note.
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davidkuhta大约 6 年前
Let&#x27;s all just take a moment to acknowledge the awesomeness of naming your company Brain Power Inc.
curiousDog大约 6 年前
What would be some reasonably priced stocks you could buy today and hold onto for the next 15-20 years? I&#x27;m thinking TSLA or may be AMZN too
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cookieswumchorr大约 6 年前
The secret: he can see all time as you might see a stretch of the Rocky Mountains