The very best investors are usually complete unknowns. You don’t hear about them until they are famous. For years, Soros and Buffet worked in total obscurity before becoming investing legends. Now there’s Herbert Wertheim, a self-made billionaire from Florida worth $2.3 billion. He made the bulk of his fortune picking stocks, buying companies like Apple and Microsoft during their IPOs and holding on for decades. This buy and hold strategy, combined with Wertheim’s technical background was his only competitive advantage. Like Warren Buffet, he focused on promising businesses with wide moats, doubling down on his favorite stocks at every market downturn. He was also incredibly lucky to start investing at a time when U.S. equity markets had finally recovered from the aftermath of the great crash.
Read Wertheim’s Forbes profile HERE.