∞ What story has impressed you most from financial side?

thriftyarek888

In past 10 years I have been very impressed by the story of gopro founder Nicholas Woodman. He has made net profit of over $1 billion in about 3 years.

There are 1000's of stories of people becoming millionaires and even multimillionaires in very short times such as few years.

But becoming a billionaire in such short time is in my humble opinion a spectacular achievement.

Please share a story that has impressed you? ta

Archi_Bald

I am most impressed by millions of ordinary families who keep themselves out of debt whilst still being able to afford the occasional treat.

thriftyarek888

Archi_Bald wrote: »

I am most impressed by millions of ordinary families who keep themselves out of debt whilst still being able to afford the occasional treat.

that is quite common. however making a billion £ in under 5 years is quite impressive!

ViolaLass

It wasn't in under 5 years.

http://en.wikipedia.org/wiki/Nick_Woodman

sabretoothtigger

10 years is quite impressive. He is a paper billionaire, which is only true if he doesnt sell the stock into the market too much

Its not unheard of growth. 18k in Microsoft shares was 1m within 10 years.
1k into Cisco was 1m in a decade also

If leveraged just right with good timing, that could be far more. His mother possibly deserves equal credit as the capital provider

thriftyarek888 wrote: »

that is quite common. however making a billion £ in under 5 years is quite impressive!

Actually Archi wins the thread because you cannot not exceed the potential growth of human invention therefore raising a family is the most growth possible in ten or five years

thriftyarek888

ViolaLass wrote: »

It wasn't in under 5 years.

http://en.wikipedia.org/wiki/Nick_Woodman

well how long did it take to get $1 billion net?

ViolaLass

thriftyarek888 wrote: »

well how long did it take to get $1 billion net?

Read the link!

racing_blue

For me, Warren Buffet's story as told in The Snowball. The consistently good decisions for decade after decade resulting in $$$$$$$$

thriftyarek888

ViolaLass wrote: »

Read the link!

I have read the link but cannot find how long it took in it. ta

ViolaLass

"In 2004, he made his first big sale when a Japanese company ordered 100 cameras at a sports show." More than 5 years ago.

Kayalana99

8 years then, I failed to see that as well but I did skim it. :-)