search instagram arrow-down

The Billionaire Optometrist

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.

Leave a Reply
Your email address will not be published. Required fields are marked *

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: