BUMP for later.
Interesting read. Thanks!
Indeed ironic the lefty WP posts a glowing story about a man that chose to avoid participating in our consumerism-shifted economy and hoarded all those funds, avoiding estate taxation by donation to a 3rd-party...
I would be considerably richer if I had not had children.
Einstein said, “I never figured out the miracle of compound interest.”
But wait a minute. Should the Compost be pissed that he didn’t leave his wealth with those less fortunate or donated it to Planned Parenthood?
I’ve always said, “The surefire way of becoming wealthy is to spend less than you earn, and live a long time”. Here’s more proof. You have complete control over the first part, the second part is luck.
As a youngster, Read would have been investing not long after the Great Depression. I was told The Great Depression was an excellent time to have faith in the USA—and to buy stocks.