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Compounding Returns

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A Bridge Game Led to a $67,000 Investment That Grew to $25 Million
personal-finance1 hour ago

A Bridge Game Led to a $67,000 Investment That Grew to $25 Million

Rabbi Myer Kripke and his wife Dorothy invested approximately $67,000 with Warren Buffett in 1966 after a multi-year persuasion process. By the mid-1990s, the investment had grown to over $25 million. The couple maintained a modest lifestyle, living in a rented apartment and driving a Chevrolet, while donating the majority of their wealth to charitable causes, including the Jewish Theological Seminary.