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How Buffett Turned Friend’s Life Savings Into $25 Million Fortune

by Index Investing News
July 12, 2023
in Markets
Reading Time: 4 mins read
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Most people wouldn’t have considered Myer Kripke an investing genius …

Myer was a rabbi. And while he was good about saving his money away, he never earned more than $35,000 per year.

But eventually he gave in, and accepted his wife Dorothy’s advice to “invest the money with your friend Warren.”

Myer’s friend Warren just so happened to be Warren Buffett. And the rest, as they say, is history.

Buffett was still just getting started out at the time. So he accepted Myers’ life savings of $70,000 in his partnership, eventually growing it into a massive $25 million fortune.

Bill Scargle’s story is much the same.

Scargle was working as a clerk in the brokerage business when he decided to buy Berkshire Hathaway stock at $175 back in 1978. Those same shares are now trading just shy of $520,000 each.

He sold about $1 million of his stock to fund an early retirement at age 50, but still hung onto millions of dollars worth of Berkshire Hathaway stock as it kept soaring for years to come.

Likewise for Stewart Horejsi, who bought his Berkshire Hathaway shares in 1980 for just $265.

Horejsi started investing after reading about Buffett in a book called “The Money Masters.”

At the time, Horejsi spent long hours running the family’s welding supply store. But now, his primary occupation is managing his family’s $1.5 billion fortune.

Set for Life

We often take these kinds of success stories for granted, especially in hindsight.

It’s easy to fall into the trap of thinking this could never happen to us … that it’s just not that easy.

But the reality is — this kind of success doesn’t just happen for anyone.

It takes time, patience, and determination, among other things.

Sure, Rabbi Kripke was fortunate to be neighbors with Warren Buffett. But it still required a great amount of faith for him to hand over his life savings.

Scargle and Horejsi were both fortunate to invest in Berkshire Hathaway shares early on. But that also means they’ve stuck with it through eight bear markets since 1978.

Their real advantage (and the advantage for thousands of investors just like them) is that they partnered with a phenomenal business, and stuck with it.

They focused on the person running the business, Warren Buffett, and the tremendous businesses he assembled. They didn’t focus on the day-to-day gyrations of the stock market.

Partnering with a great business like that makes it infinitely easier to weather the storm.

So, is it possible for a single great investment to change YOUR life?

It’s absolutely possible! And the best way to make that happen is to partner with a few truly outstanding businesses, then get back to living your life while they make you rich.

And when it comes to finding consistent, market-beating returns, there’s only one place to look…

Repeat Riches

Following the last major bear market in 2009, one small group of stocks has run circles around the rest of the market — delivering average returns of 25,000% across the top ten performers.

That shouldn’t come as a surprise, either.

The same group of stocks has led every single bear market recovery going back to the Great Depression.

They’ve outperformed typical large caps with up to 9X gains, even within the same industry.

Now, history is about to repeat itself.

Because a whole new generation of Super Stocks are now beginning to take off, and I want to make sure YOU don’t miss out.

And any one of these outstanding businesses could grow into the single investment that changes your life forever.

The potential upside with these stocks is simply too great to ignore.

That’s why I’ve chosen to do something I’ve never done before — and share my #1 Super Stock recommendation (including company name and ticker symbol) completely FREE of charge.

I have it here in this envelope…

And I’m going to open it up and share it with you next Wednesday.

There’s no purchase necessary — all you have to do is tune in for my special, invitation-only video event Big Gains Alert at 4 p.m. ET on July 19.

Reserve your spot here to receive your invitation.

I look forward to seeing you there!

Regards,

Charles Mizrahi

Founder, Alpha Investor





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