How Rob Gronkowski’s Apple investment mirrors Warren Buffett
Future hall-of-fame tight end Rob Gronkowski says he bought $69,000 worth of Apple stock in 2014 based on advice from a contractor working on his Foxborough, Massachusetts, home, reports Fortune.
“I [had] never been involved in stocks,” Gronkowski said. “I really didn’t know how stocks work. So I was like, ‘All right, let me do this, man.'”
After selling some shares along the way, Gronk says his Apple stake is currently worth more than $600,000.
To some observers, Gronk’s story looks a lot like dumb luck. It’s hard to argue with the results, though. And if you dig a little more into the process, Gronkowski’s trade starts to look similar to that of another famous Apple investor: Warren Buffett.
Why Gronk’s strategy is Buffett-like
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