The 6 Most Successful Investors of All Time
When he was a teenager, Warren Buffet spent $25 to buy a used pin machine. The plan? To place it in a barber’s shop to entertain customers as they waited for a haircut. Given the amount of time spent twiddling thumbs and leafing through old copies of magazines in the typical barber shop waiting room, this seems an ingenious money making ploy – but would you have thought of it? Sure enough, the scheme worked and in a short time Buffett had two more tables installed at other barbers in his home town of Omaha, Nebraska, before selling the business within a year for $1,200.
Buffett is the first on our list of the six most successful investors of all time, a look at some of the world’s shrewdest, and most determined business people.
7. Warren Buffett
Before becoming a billionaire magnate with shares in companies from Coca-Cola to the Washington Post, Buffett worked as a night lecturer educating pupils on investment. Buffett combines an incredible business acumen with the ability to make prophetic long term judgements. Interestingly, he has shied away from investment in social media platforms, as he believes it is hard to know where they will stand in 10 years.
6. Benjamin Graham
Credited with being a mentor to Buffett, Graham was renowned for using careful financial analysis in his investments, delivering ROI for his clients with minimal risk. The British born Graham has always preached that investors should not be concerned too much about fluctuations in the market, because in the long term the true value of a venture will be reflected.
5. Michael Steinhardt
Steinhardt is a Wall Street stalwart boasting a stunning 24% compound average annual returns with short and long term options, stocks, currencies and bonds. One of his most famous pieces of advice is: “Don’t make small investments. If you’re going to put money at risk, make sure the reward is high enough to justify the time and effort you put into the investment decision.”
4. John Templeton
Templeton is the creator of the modern mutual fund. After obtaining a Masters degree in law from Oxford, US born Templeton went on to buy no less than 141 companies, but was noted for his humble lifestyle and philanthropic work, which saw him donate an estimated £690 million to charity.
3. George Soros
Soros had the nerve to risk an estimated £6.9 billion on a single trade in 1992, causing a currency crisis in the UK with the ‘short selling’ of the British pound. He made his name after moving to New York and specialising as a European securities analyst. Soros once proclaimed: “I’m only rich because I know when I’m wrong…. I basically have survived by recognising my mistakes.”
2. Bill Gross
Gross is known as the ‘King of Bonds’ and was a co-founder of Pacific Investment Management, which managed the world’s largest bond fund. With a background as a professional gambler in Las Vegas, it is said that Gross applied many of the same attributes used on the blackjack table, such as calculating odds and spreading risks, to his moves in the financial world.