Today, the “Oracle of Omaha” Warren Buffett turns 94 years old.
He celebrated earlier this week by selling nearly $1 billion in Bank of America (NYSE: BAC) shares.
We like to think he was freeing up cash for an epic birthday bash…
But in reality, this mega-trade was likely part of a larger strategy, which has also seen Buffett sell off nearly half of his company’s position in Apple (Nasdaq: AAPL).
Now well into his golden years, Buffett still manages the world’s single most successful investment fund.
Following Buffett’s takeover of textile manufacturer Berkshire Hathaway (NYSE: BRK), he’s grown the company into a $1 trillion fund. For those who’ve had faith in him since day one, Buffett has delivered a total return of over 3,641,613%.
Most amazing of all, Buffett accumulated 99% of his wealth after he turned 65.
In other words — don’t mistake investing for a young man’s game.
And don’t ever fall into the trap of thinking it’s “too late” to actively grow your wealth.
The mood in Silicon Valley is downright giddy. Because while most investors are panicking… Apple’s preparing to unveil their biggest product launch since the iPhone! The company’s already predicting they’ll sell 90 million of them in the next year.
Savvy investors are scooping up discounted shares before what could be their big announcement on September 10 …
Most of us tend to THINK inside the box. It’s human nature. We limit our careers. We limit our physical abilities. We even limit our relationships. All of these things can improve dramatically when we remove those artificial limits — “the box.” That’s why we’re encouraged to think OUTSIDE the box. People do the same thing — even more literally — with investing. They invest inside the box. And that limits your potential profits. But if we INVEST outside the box?
"Dave Cote was CEO of Honeywell from 2002 to 2017. As Chairman and CEO of the industrial giant for more than 16 years, Dave grew the company’s market capitalization from around $20 billion to nearly $120 billion. Delivering returns of 800% and beating the S&P by nearly two and a half times. But the thing he revealed to me — the real secret behind his success — put a huge smile on my face."
Until next time,
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