How a Janitor’s Simple Investment Strategy Made Millions
Buy-and-hold strategies with life-long holding periods have the potential to create a veritable fortune. This article explores how Ronald Read, a seemingly unassuming janitor taught himself how to invest like a pro, accumulating a fortune of almost US$8 million before his death in 2014.
Introduction
“Time in the markets beats timing the markets” is a phrase that is often heard in the world of investing. This simple idiom instructs investors to invest now, instead of waiting for the perfect moment to enter the market. Yet, it also alludes to the real power carried by long-term investment.
No person makes this power more evident than the famed “secret millionaire” Ronald Read. Read was a simple man form humble beginnings, but his…
