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To: expat_panama

Spot the flaws in this Motley Fool article:

Warren Buffett Tells You How to Turn $40 Into $10 Million

By Patrick Morris | More Articles | Save For Later

Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million.

A few years ago, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) CEO and Chairman Warren Buffett spoke about one of his favorite companies, Coca-Cola (NYSE: KO ) , and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company’s stock when it went public in 1919 would now have more than $5 million.

Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.

http://www.fool.com/investing/general/2014/01/07/warren-buffett-tells-you-how-to-turn-40-into-10-mi.aspx


61 posted on 07/11/2014 6:07:56 AM PDT by Wyatt's Torch
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To: Wyatt's Torch
It got to be too many to count for me.  Maybe it's not hard to understand how publishers are willing to pay these writers so many bucks per thousand words regardless, but it always amazes me how so many people read that stuff and scream "WOW, PLEASE TAKE MY LIFE SAVINGS!!!" --and then proceed to argue with me on these threads by posting a link to 'disprove' what we see around us.

It's really great though; I mean, ya can't buy this kind of entertainment!

 

62 posted on 07/11/2014 7:11:18 AM PDT by expat_panama
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