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He Earned $11 an Hour. He Died With $8 Million. Nobody Knew.
ProfitByFriday.com
He Earned $11 an Hour. He Died With $8 Million. Nobody Knew.
When Ronald Read died in June 2015, his family had no idea what to expect. He was 92 years old. He had spent most of his working life as a janitor at a department store in Vermont. He drove a used Toyota Yaris. He wore a coat held together with a safety pin.
His estate was worth $8 million. He left $6 million of it to his local hospital and library.
In this episode we cover exactly what Ronald Read owned, how compound interest works over 60 years, and the one question he asked before buying any business. No trading. No leverage. No newsletters. Just patience and businesses he could explain in one sentence.
This is ProfitByFriday Podcast: Stories. Each episode in this season expands on a real investing story and the principle behind it.
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