All articles tagged with #jim koch
Boston Beer Company Inc, known for brands like Samuel Adams and Truly Hard Seltzer, is reportedly in talks to be sold to Suntory, the owner of Jim Beam. The potential sale, which would value Boston Beer at a premium to its current $3 billion market cap, comes as the company's shares have dropped 25% this year. The deal requires approval from founder Jim Koch, who holds 100% of the voting rights.
Jim Koch, billionaire founder of Boston Beer Co., prefers to invest in the stock market without actively managing it. He believes he cannot outsmart professional investors and instead focuses on random diversification and "zero engagement." Koch outsources the trading of his stocks to his wife's longtime assistant, who was once their babysitter. This strategy has outperformed most actively managed portfolios while requiring less work. Koch's goal is to use securities to maintain his fortune, while his time is better spent running his $2.1 billion business.