Lessons From The Most Successful Investor You’ve Never Heard Of
At the age of 51, Anne Schieber was broke and disillusioned.
She has worked for the IRS for 23 years and is considered one of the agency’s top auditors.
But she was never promoted and never made more than $3,150 in a year.
With half her life already behind her, her retirement prospects look bleak. But Schieber learned a powerful secret after years of studying the tax returns of America’s richest residents.
Over the next 50 years, it gave her a 449,000% return — making Schieber one of the most successful investors of all time.
Berkshire Hathaway’s Investment Secrets Beat Profits
During his 23 years at the IRS, Schieber has seen first-hand how the stock market can create and pool wealth.
And she experienced it firsthand.
Starting at 51 with just $5,000, Schieber has turned it into more than $22 million — a profit margin well above Warren Buffett’s Berkshire Hathaway average annual return.
This feat makes her one of the greatest in investment lore. But beyond the rate of return, Schieber’s story is astounding for another reason.
At the age of 41, Schieber had lost all of his life savings in the stock market. The loss caused a permanent rift in her family and lingering bitterness towards her brother, who presided over the debacle.
Schieber seems to have learned two lessons from this experience.
First, she will never leave her portfolio to outside management again. In 1951, with $5,000 in savings, she started building her own portfolio.
And two, she would never bet the farm on a single chance, as she had bet on her brother’s company before disaster struck.
Beat Warren Buffett to Win His Greatest Investment – After 31 Years
Over the years, Schieber has invested in a number of companies in industries ranging from entertainment to technology.
She bought her last stock – 100 shares of Apple Inc. and MCI Inc. — in 1985.
Schieber bought Apple stock 31 years ago when Buffett first bought the stock in 2016.
She also bought Coca-Cola Company (NYSE: KO) years before Buffett’s famous 1988 investment.
Those two investments are perhaps considered the wisest investments Buffett has made in his career. Coca-Cola stock is up more than 2,000% since Buffett bought it 33 years ago. And in February 2020, Buffett called Apple “probably the best business I know in the world.”
But a modest woman just 5 feet tall beat him at both of those companies for years.
Find the next apple
You might think that Schieber got lucky by hitting gold on a number of investments like Apple and Coca-Cola among the hundreds of different stocks she bought over the decades.
But that’s exactly the problem. By targeting hundreds of different companies over time, Schieber was able to maximize the chances of backing a company that would deliver 10,000% or more returns over many years.
Diversification is often seen as a defensive strategy. But those in Silicon Valley use it as an offensive weapon that allows them to cross the fence, knowing that a single 10,000% winner can outnumber any other loser in their portfolio. surname.
Today, any investor who wants to emulate Schieber’s strategy can a tool that was never available to her.
Start Engine is a crowdfunding giant that allows casual investors to claim shares in some of the most potentially explosive, if risky, disruptive companies in the world. And it recently signed an agreement with another crowdfunding fund – Indiegogo – bringing its network of 800,000 investors to StartEngine’s equity crowdfunding platform.
The nature of the platform allows investors to claim small stakes in startups that offer potentially huge gains. Increased risk is part of the strategy. But as is the case with Schieber, investors can use the platform to manage risk through diversification.
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