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

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.

[quote author=The Chairman link=topic=92290.msg584513#msg584513 date=1409194682]
patient reinvestment
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That's the heart of Buffet's strategy.  And it goes totally against the grain of Wall Street pump and dump tactics, and the average Joe's get rich quick mentality and ideology.


Put it this way.  The average investor would rather risk their last $40 trying to double it up as quickly as possible rather than investing it wisely and waiting patiently over time for it acquire equity and value.