This is pure gold!

Warren Buffett with his investing mantras has transformed people around the world into rich and some very rich. But what about those who were lucky and smart enough to buy the shares of Berkshire Hathway Inc – buy the source and why the secondary? Well, they all have turned into millionaires.

There is one particular shareholder – forty dollar Frank. He was amongst the first to buy shares of Berkshire and he got it for as cheap as $40/share. Today, it is ruling at, hold your breath, $200,000 each.  With these shares he has managed to build his life, buying a lake front home, fund his children’s education and has also left many shares for his children. And scores of such shareholders have shared the same fortune and built their lives with Berkshire shares.

These shareholders meet once a year, at the Berkshire AGM. At an annual dinner organized by a small group of shareholders on the sidelines of the meeting, the restaurant bill is usually split multiple ways. And currently, almost all, senior citizens, want to bequeath these shares to their children.

Wish we could make such money on Indian stocks – where we earn enough from one company to buy a home, fund education and even have enough to space to give away to charity.