Ronald Read: An unexpected millionaire
"Extraordinary results don't require extraordinary effort. You just need to excel in the everyday, ordinary things.".
The above quote suits to a person that is the perfect example of being unpredictable his name is Ronald Read. He was born in 1921 in Vermont, United States of America. He works as a mechanic, gas station attendee and a janitor. He was a humble mam and he had done some extraordinary things in his life.
Ronald Read has a wealth of $8 million that is discovered after his death in 2014. Read has invested in more than 95 companies and he is very skilled in picking up the right shares. He has a diversified portfolio of investment like telecommunication, consumer goods, rail transports, banks and train. He also reinvest the money and he never invested in technological companies.He was also a philanthropist donated almost $6 million from his wealth to
Some of the lessons from Ronald Read:
1) The art of frugal
Read was known for his frugal existence his close people always says that he consume less than he earn. He always uses safety pin for his denim coat and he uses a second hand car this describes his simplicity and frugality. He never boasts about his wealth and when he died he bequeathed his $6 million to the charity.
2) The mastery of investment
Read was a prolific investor he has a sharp wisdom and has enormous skilled in stock market. He invested in plethora of diverse companies for example Wells Fargo, Procter & Gamble, and Colgate-Palmolive. He always invested his money in blue chip companies which benefited him in long term.
3) The gift of longevity
Ronald Read died at the age of 92 without telling anyone he lives with the gigantic amount of wealth. He also met his wife Barabara March at the gas station. He also financed his step children college fees.
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