Advice: Buy all the stock you can right now. Any stock. As much as your bank account will allow. Because you know what? That stock might one day be so valuable that a little-known video-rental company you threw down some coins for in the olden days may end up netting you $2 billion when you cash in all your shares. (Insert Dr. Evil pinky-to-mouth gesture here.)
This latest story of riches to riches (the guy was rich before Netflix; he’s just richer now) involves a hedge-fund manager named Carl Icahn. Born and raised in Queens, New York, Icahn has been in the money business since the ’70s, and the 79-year-old businessman isn’t slowing down. You know what’s so impressive about this coup though? Icahn didn’t buy his shares in 2003 or 2004; he bought them in 2012 at 58 bucks a pop. Now they’re worth $658 and Icahn had 10 percent of the shares. Not a bad sum of money to retire to. And the other 20 billion dollars he’s got laying around is probably just going to make his golden years more sweet.
As Bro Bible points out: Icahn really knows how to pick ’em. (He also owes some of his success to Orange Is the New Black, which helped skyrocket Netflix’s stock prices right back into the stratosphere.)
(Via Bro Bible)
